1106 5Th Ave Fort Lauderdale, FL 33304
- Commercial real estate
- 3,754 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1106 5Th Ave
- Year built
- 1980
- Property size
- 3,754 SF
- Property type
- Commercial real estate
Description
This exceptional multifamily property, located at 1106 NE 5th Ave #5 in Fort Lauderdale, Florida, presents a compelling investment opportunity. The 3,754 square foot building, constructed in 1980, boasts five legally permitted units generating substantial rental income. Three one-bedroom units command $1,800 per month in rent, while two two-bedroom units rent for $2,400 per month. All units are currently leased under one-year agreements, ensuring immediate cash flow. Significant recent improvements include a roof replacement completed in 2020, and the property has successfully passed its 40-year certification. The building is equipped with six individual electric meters and a single water meter, simplifying utility management. Tenant convenience is enhanced by a coin-operated washer and dryer, and each unit includes designated private parking. Situated in the desirable Lake Ridge area, this property enjoys unparalleled proximity to Las Olas Boulevard, Victoria Park, and Flagler Village, offering residents easy access to a vibrant array of shopping, dining, and entertainment options. This prime location ensures high tenant demand and strong rental rates. This well-maintained property represents a rare opportunity to acquire a stable, income-generating asset in a thriving Fort Lauderdale neighborhood. The property's zip code is 33304, and its Broward County location provides further investment appeal.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1392
- Latitude
- 26.1391
