Active

1124 NE 5th Ave

Fort Lauderdale FL, 33304

$1,900,000


Active

Commercial

Built in 1951

This income-producing property features eight units, each with separate water and electric meters. Five units are recently renovated, and three are in need of updating. The detached three-bedroom unit has a new kitchen and baths being installed for maximum rental potential- it also has new impact windows and doors being installed. A new roof was installed in 2020, and 7 of the 8 units are currently rented, providing steady income. Located within walking distance to Wilton Manors and Wilton Drive's shops and restaurants, the property is also close to Las Olas, Flagler Village, and Victoria Park, making it highly desirable for tenants. Sale includes two side by side parcels of land that total half an acre. First Parcel holds a six plex and second parcel holds a duplex.

F10486705

MLS ID

February 14, 2025

Listed

February 15, 2025

Updated

Interior Features

Total Stories

1


Floor Description

Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.47 Acres


Roof

Composition, Shingle


Sewer

Public Sewer


Security

Smoke Detector(s), Security Lights

Other Property Details

Area Name

3370


Taxes

$15,611


Tax Frequency

Annually


Days on Market

1


Garage

No


Parking

Common, Guest


View

No


County

Broward


Water Source

Public

Listed by: Coldwell Banker Realty
Listing Contact:  

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Data last updated 10:39 AM UTC, 2/15/2025

 

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