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1507 NE 5Th Ave Fort Lauderdale, FL 33304

For Sale
$899,999

East Fort Lauderdale fourplex with stable tenants and strong cash flow.

Building Details

Year built
1967

Source: E PRO Realty Agent Lee Goldman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Fort Lauderdale Fourplex Investment Opportunity

Located just outside Wilton Manors in East Fort Lauderdale, this fourplex property presents an investment opportunity with a history of stable cash flow. The property is professionally managed and features long-term tenants. Each unit has a separate electric meter. The property includes a coin-operated laundry facility on-site, generating approximately $150 per month. The total monthly cash flow for the property is $6,950, equating to $83,400 annually. Unit #1 is leased for $1800 per month, with the lease ending on 11/14/26. Unit #2 is leased for $1700 per month, with the lease ending on 1/31/26. Unit #3 is leased for $1600 per month, with the lease ending on 2/30/26. Unit #4 is leased for $1700 per month, with the lease ending on 2/28/26. Expenses for insurance, water/sewer/trash, laundry room electric, and real estate taxes total $22,000. This income-producing asset is situated in a high-demand rental market, making it suitable for investors seeking consistent returns.
Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Fort Lauderdale
County
Broward
State
Florida
Longitude
-80.1400216
Latitude
26.1460601

FAQs

What type of property is this?
Quadplex - East Fort Lauderdale fourplex with stable tenants and strong cash flow.
Where is this quadplex located?
The property is located at 1507 NE 5Th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: - Strong income-producing asset with $83,400 annual cash flow.; - Professionally managed four-plex with stable, long-term tenants.; - Located in East Fort Lauderdale, just outside Wilton Manors.
More about this property
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