5195 18Th Ave Fort Lauderdale, FL 33334
- Office Properties & Spaces
Current Use by Public Records
- Office Properties & Spaces
Property Details for 5195 18Th Ave
- Year built
- 1962
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a six-unit, free-standing, two-story office building located at 5195 NE 18th Avenue in Fort Lauderdale, Florida, 33334. Built in 1962, the property boasts a desirable location, close to Pinecreek School and just a few miles from Fort Lauderdale Beach. The building is in very good condition and features central air conditioning, a laundry room, and most windows are impact resistant. The property includes a functional swimming pool, although it requires upgrades to meet current code. The unit mix comprises two 2-bedroom/2-bathroom units, two 2-bedroom/1-bathroom units, and two 1-bedroom/1-bathroom units. Tenants are responsible for electricity, while the owner covers water and trash expenses. This turnkey property is offered at an asking price of $1,350,000. The lot size is not specified. This presents a strong potential for immediate income generation and long-term appreciation. The property's proximity to desirable amenities and its solid condition make it an attractive investment for discerning buyers. The existing tenant structure provides a stable revenue stream, and the potential for future rent increases adds to the overall investment appeal.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.123
- Latitude
- 26.193
