Basic Information

  • MLS # F10489456
  • Type Quadruplex
  • Status Active
  • Subdivision/Complex Progresso
  • Year Built 1967
  • Total Sqft 2,825
  • Date Listed 02/28/2025
  • Days on Market 117
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!

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description
  • Roof Description Composition, Shingle
  • Style Quadruplex

Interior Features

  • Adjusted Sqft 2,825Sq.Ft
  • Cooling Description Electric
  • Floor Description Ceramic Tile, Tile
  • Heating Description Electric
  • Sqft 2,825 Sq.Ft

Property Features

  • Address 1507 NE 5th Ave
  • Architectural Style Fourplex
  • City Fort Lauderdale
  • Community Features Non Gated
  • Construction Materials Block
  • County Broward
  • Furnished Info no
  • Levels One
  • Listing Terms Cash, Conventional
  • Lot Features Less Than Quarter Acre
  • Pool Features None
  • Possession Close Of Escrow
  • Postal City Fort Lauderdale
  • Public Survey Section One
  • Roof Composition, Shingle
  • Sewer Description Public Sewer
  • Stories 1
  • HOA Fees $0
  • Subdivision Complex
  • Subdivision Info Progresso
  • Tax Amount $3,480
  • Tax Legal desc P R O G R E S S O2-18 D L O T11 B L K39
  • Tax Year 2013
  • Terms Considered Cash, Conventional
  • Type of Property Quadruplex
  • Water Source Public
  • Year Built Details Resale

1507 NE 5th Ave

Fort Lauderdale, FL 33304

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: E PRO Realty. tel: (954) 306-2829

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