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    1608 NW 5Th Ave Fort Lauderdale, FL 33311

    For Sale
    $439,900

    Well-maintained duplex in Progresso, Fort Lauderdale, generating $3100 monthly.

    Building Details

    Year built
    1951

    Source: Phoenix Real Estate Agent Ria Picone

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

    Overview

    Fort Lauderdale Duplex with Income

    This well-maintained duplex is located in the Progresso neighborhood of Fort Lauderdale. The property features two units, each with one bedroom and one bathroom. Currently, the property generates a total monthly income of $3100. Unit one is rented for $1400, and unit two is rented for $1700. The property is to be purchased with tenants in place. Tenants are responsible for paying their electric bills. The owner covers the costs of water, sewer, trash, and lawn maintenance. A shared utility room at the back of the property includes a washer and dryer. The smaller unit has an enclosed patio area. Both units are fenced. The property is located minutes from downtown, Las Olas Boulevard, Wilton Manors, and beaches.
    Location Intelligence

    Current Use by Public Records

    James Ferace Jr Apartment Rental Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1490792
    Latitude
    26.1477083

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in Progresso, Fort Lauderdale, generating $3100 monthly.
    Where is this duplex located?
    The property is located at 1608 NW 5Th Ave Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $439,900.
    What are key features of this property?
    This property features: - Well-maintained duplex in desirable Progresso, Fort Lauderdale.; - Income-producing property with $3100/month total rental income.; - Prime location: minutes from downtown, Las Olas Blvd, Wilton Manors, and beaches.
    (954) 288-0383
    Request Owner's contact information
    1608 NW 5Th Ave Fort Lauderdale, FL 33311
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1608 NW 5Th Ave Fort Lauderdale, FL 33311
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