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1124 Ne 5th Ave, Fort Lauderdale, FL – $1,750,000

  • $1.8M Price
  • 20,256 Sqft
  • .47 Acres
  • $1.8M Price
  • 20,256 Sqft
  • .47 Acres

1124 Ne 5th Ave

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.

Essential Information

  • MLS® #F10486705
  • Price$1,750,000
  • Bathrooms0.00
  • Square Footage20,256
  • Acres0.47
  • Year Built1951
  • TypeCommercial
  • StatusActive-Available

Community Information

  • Address1124 Ne 5th Ave
  • Area3370
  • CityFort Lauderdale
  • CountyBroward County
  • StateFL
  • Zip Code33304-4964

Amenities

  • ParkingGuest Parking, Common Parking

Interior

  • HeatingCentral Building A/C
  • CoolingCentral Building A/C
  • # of Stories1
  • Stories1

Exterior

  • RoofComp Shingle Roof
  • ConstructionConcrete Block Construction

Additional Information

  • Listing Courtesy ofColdwell Banker Realty
  • ZoningRMM-25
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Price Change History for 1124 Ne 5th Ave, Fort Lauderdale, FL (MLS® #F10486705)

Date Details Change
Price Reduced from $1,900,000 to $1,750,000 $150,000 (7.89%)

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