Florida
Fort Lauderdale
1507 NE 5TH AVE

$924,998

1507 NE 5TH AVE, Fort Lauderdale, FL 33304

2,825 sqft

Multi-Family Home
Built in 1967
—— sqft lot
—— car garage
$327/sqft
Listed 3 months ago

Property Description

CASH FLOW FOR SALE! Four-plex in East Fort Lauderdale (Blocks from Wilton Manors). Professionally Managed property w/stable long-term tenants. This has been a cash cow for the owner for years. Insurance, electric, water, sewer, trash & RE taxes total $22,000. Unit #1 $1700/mo. Lease ends 11/14/25 Unit #2 $1700/mo. Lease ends 1/31/26 Unit #3 $1400/mo. Lease ends 11/30/25 Unit #4 $1700/mo. Lease ends 2/28/26 There is Coin-op laundry on Site that brings in Approx.. $150/month, Property total monthly cash flow =$6,650, or $78,000 per year. Please Do not walk the property–tenants are unaware for sale. *Showings ONLY available after an ACCEPTED OFFER* This is a strong income producing asset in high-demand rental market. Ideal for investors seeking steady returns w/minimal management hassle!

Listing Status:: Active
Date Added:: February 27, 2025 at 06:00AM
Listing Office:: E PRO Realty : (954) 306-2829
Listing Agent:: John Kemper : (954) 306-2829
MLS ID:: F10489456

Flooring: Ceramic TileTile
A/C: Electric
Heating: Electric

This listing courtesy of John Kemper, E PRO Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

North Side Elementary School

120 NE 11th St, Fort Lauderdale, FL, 33304

Grades PK-5

0.59 miles away

Pace Center for Girls Inc.

2225 N Andrews Ave, Wilton Manors, FL, 33311

Grades 6-12

0.84 miles away

Fort Lauderdale High School

1600 NE 4th Ave, Fort Lauderdale, FL, 33305

Grades 9-12

0.20 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.