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1132 NE 5th Ave

Fort Lauderdale, FL 33304
  • $538,500
  • STATUS: Active Under Contract
  • ON SITE: 35 Days
  • MLS #: F10305554
Under Contract
UPDATED: 19 min ago
$538,500
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,550
    SQFT
  • $211
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1981
County:
Area:

School Ratings & Info

Description

Investment opportunity in revitalization area of South Middle River Terrace. Access provided after accepted/executed contract. Blocks from Wilton Manors & Milk Money Bar/Kitchen. Long term, month-to-month tenants, under market rents ready to increase & stabilize. New roof (2019), new driveway (10/2021), new HVAC units (2018) & handler (2021), new water heater & new tile floor (2020). Strong long term rental hold with pro-forma NOI of $36,871 & 6.84% cap rate. No sign at property, do not disturb tenants.

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All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2021 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2021-12-04T13:18:17.643.
www.ewm.com/homes/122884151
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1132 NE 5th Ave Fort Lauderdale, FL 33304

  • Price: $538,500
  • Status: Active Under Contract
  • On Site: 35 Days
  • Updated: 19 min ago
  • MLS #: F10305554
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2,550
SQFT
$211
$/SQFT
1981
Built
Neighborhood:
Progresso 2-18 D
County:
Broward
Area:
3370
Property Description
Investment opportunity in revitalization area of South Middle River Terrace. Access provided after accepted/executed contract. Blocks from Wilton Manors & Milk Money Bar/Kitchen. Long term, month-to-month tenants, under market rents ready to increase & stabilize. New roof (2019), new driveway (10/2021), new HVAC units (2018) & handler (2021), new water heater & new tile floor (2020). Strong long term rental hold with pro-forma NOI of $36,871 & 6.84% cap rate. No sign at property, do not disturb tenants.
Exterior Features

Construction Type Concrete Block Construction Exterior Features Exterior LightsFenceLaundry FacilityPatio Lot Description Less Than 1/4 Acre Lot Parking Spaces 4 Pool No Property Type Information Other Roof Description Other Roof Spa No Style Fourplex Type Of Property Fourplex Water Access None Waterfront Property YN No Windows Treatment Other Windows

Interior Features

Ceiling Fans 4 Cooling Description Central Cooling Floor Description Tile Floors Heating Description Central Heat

Property Features

Association Type None Auction YN No Cable Available Yes Gated Community YN No Geographic Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700) Information Available Investment AnalysisRent Rolls Possession Information Funding Rent Includes Hot WaterLawn CareSewerTrash RemovalWater REO No Sewer Description Municipal Sewer Short Sale No Subdivision Name Progresso 2-18 D Tax Amount 5618 Tax Information Tax Reflects City & County Tax Tax Year 2020 Terms Considered CashConventional Total Units 4 Unit Count 2 Water Description Municipal Water Year Built Description Resale Zoning Information Rmm-25

Listing provided courtesy of Sunbelt Investment Properties. Listing information © 2021 BeachesMLS


All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2021 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2021-12-04T13:18:17.643.
 
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