If you’re looking for a fantastic investment opportunity in a prime location, this property is for you! Presenting a well-maintained building with 5 legal units located in the sought-after Lake Ridge area of Fort Lauderdale. Rental Income:3 one-bedroom units rented at $1,800/m, 2 two-bedroom units rented at $2,400/m. All units currently leased on one-year leases. Recently replaced Roof in 2020. 40-Year Certification Passed and up-to-date. 6 electric meters and 1 water meter. Coin-operated washer and dryer. Each apartment has designated private parking. Perfectly situated just minutes away from Las Olas Blvd, Victoria Park, and Flagler Village. Proximity to numerous shopping, dining, and entertainment options, making it attractive to potential tenants.
Property Details
Price:
$1,425,000
MLS #:
A11583953
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
¤PROGRESSO
City:
Fort Lauderdale
Listed Date:
May 8, 2024
State:
FL
Finished Sq Ft:
3,754
ZIP:
33304
Year Built:
1985
Units:
5
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Schools
Interior
Cooling
Central Air
Flooring
Other
Heating
Other
Exterior
Architectural Style
Other
Construction Materials
C B S Construction
Parking Spots
7
Roof
Other
Financial
Buyer Agent Compensation
2%%
Tax Year
2023
Taxes
$13,674
Map
Community
- Address1106 NE 5th Ave Fort Lauderdale FL
- CityFort Lauderdale
- CountyBroward County
- Zip Code33304
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