Income Property Near Wilton
For Sale
Contact for pricing
1124 NE 5th Avenue, Fort Lauderdale, FL 33304
Eight-unit property with renovation and income potential near Wilton Manors.
Property SizeContact for details
Lot Size0.50 Acres
Days on Market564
Property Features for 1124 NE 5th Avenue
General Information
Standard status
Active
Lot size
0.50 Acres
Property subtype
Special Purpose
Zoning
RMM-25
Building Details
Year Built
1951
Listing Agency:
Coldwell Banker Realty
(954) 593-0181
Listed By:
Corbin Mitchell · License #3291178
Source:
Crexi
Added: Jan 23, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This income-producing property features eight units, each equipped with separate water and electric meters. Five of the units have been recently renovated, while the remaining three require updating. A detached three-bedroom unit is undergoing kitchen and bath renovations to maximize rental potential, with new impact windows and doors being installed. A new roof was installed in 2020. Currently, seven of the eight units are rented, providing a steady income stream. The property is located within walking distance of the shops and restaurants of Wilton Manors and Wilton Drive. It is also situated close to Las Olas, Flagler Village, and Victoria Park, enhancing its desirability for tenants. The sale includes two side-by-side parcels of land, totaling half an acre. The first parcel contains a six-plex, and the second parcel contains a duplex.
Key Highlights
- Income‑producing property with 7 of 8 units currently rented.
- Includes two side‑by‑side parcels totaling half an acre.
- Walking distance to Wilton Manors and Wilton Drive shops and restaurants.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,287
Businesses Nearby
Explore this area
Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit property with renovation and income potential near Wilton Manors.
Where is this apartment building located?
The property is located at 1124 NE 5th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Income‑producing property with 7 of 8 units currently rented.; Includes two side‑by‑side parcels totaling half an acre.; Walking distance to Wilton Manors and Wilton Drive shops and restaurants.
