1106 5Th Ave Fort Lauderdale, FL 33304
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 1106 5Th Ave
- Year built
- 1985
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional 5-unit apartment building presents a compelling investment opportunity in Fort Lauderdale's desirable Lake Ridge area. Built in 1985, this single-story property boasts a recently replaced roof (2020) and a passed 40-year certification, ensuring peace of mind for the investor. The building comprises three one-bedroom units, each generating $1,800 in monthly rent, and two two-bedroom units, each commanding $2,400 per month. All five units are currently leased under one-year agreements, providing immediate and consistent cash flow. Individual electric meters (six total) and a single water meter are in place for efficient utility management. Tenant convenience is enhanced by a coin-operated washer and dryer, and each unit includes designated private parking. The property's strategic location offers unparalleled access to Las Olas Boulevard, Victoria Park, and Flagler Village, placing tenants within easy reach of vibrant shopping, dining, and entertainment options. This translates to high tenant demand and strong rental potential. This well-maintained property is a turnkey investment ready for a new owner.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1392
- Latitude
- 26.1391
