Home » Fort Lauderdale » 1124 NE 5th Ave, Fort Lauderdale, FL 33304 | F10486705

Multi Family For Sale 1124 NE 5th Ave, Fort Lauderdale, FL 33304

$1,900,000

Property Highlights

Listing ID F10486705 Status of this Listing: Active For Sale Property Type Commercial Sale Multi Family Lot area 20,256 Sqft/1881.84 m2 approx. Year Built 1951 Time of this property on Rebonus 29 Day(s)

1124 NE 5th Ave, Fort Lauderdale, FL 33304

Property Description: 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.

Useful Info

Original List Price:$1,900,000

Land Lot (Parcel) Details

Lot Size Acres:0.465
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Number of Buildings:2
Number of Units Total:3
Property Condition:
  • Resale
Levels:One
Construction Materials:
  • Block
Flooring:
  • Tile
Stories:1

Property Features

Waterfront:No
Security:
  • Smoke Detector(s)
  • Security Lights
Roof:
  • Shingle
  • Composition
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$15,611

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2024

Terms

Documents Available:
  • Aerial
  • Lease
Listing Terms Considered by Seller:
  • Cash
Occupant Type:
  • Call Agent
Buyer Possession:
  • Closing & Funding
Tenant Pays:
  • Electricity
  • Water
  • Trash Collection
Lease Considered:No

Community

Senior Community:No

Parking

Covered Spaces:0
Parking Features:
  • Common
  • Guest

Utilities

Sewer:
  • Public Sewer
Water Source:
  • Public

More Details

Other Information:
Data exchange original Listing NumberF10486705
Ref1107132331

Zoning and Legal

Tax Legal Description:PROGRESSO 2-18 D LOT 35 TO 38 BLK 145
Real Estate Folio Number (Parcel Number):494234040960
Zoning Description:RMM-25
Public Survey Township:4942
Public Survey Section:34

Listing History

Update/EventDate/Days
Published Date:February 14, 2025 7:47 am
On Market Date:February 13, 2025
Listing Contract Date:February 13, 2025
Last Important Update Description:New Listing
Date and Time of Last Important Update:February 14, 2025 7:47 am
Status Last Changed:February 14, 2025 7:47 am
Photos Last Modified:February 14, 2025 6:43 pm
Last Modified:February 14, 2025 6:27 pm
Days on the Market Reference Date:February 14, 2025
Days on the Market (updated on Last Modified*):1
Cumulative Days on the Market (updated on Last Modified**):24

Additional Information

Lot Size Range:,
Number of Photos:15
Location:,City Location,In Residential Area
Included:Building & Land,,
Geographical Area:Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
Area:3370
Automated Valuation Display:Yes
Courtesy of:Coldwell Banker Realty
Universal Property Id:US-12011-N-494234040960-R-N

Location

Show Property Address:Yes
Street Name:5th Ave
Street Number:1124
Street Direction Prefix:NE
Street Address:1124 NE 5th Ave
City : Fort Lauderdale
State : Florida
Zip Code : 33304
County : Broward
Full Address:1124 NE 5th Ave, Fort Lauderdale, FL 33304
Latitude:N26° 8' 22.7''
Longitude:W81° 51' 38.6''

Neighborhood

Postal City:Fort Lauderdale

Property Map