For Sale
$1,425,000

1106 5Th AveFort Lauderdale, FL 33304

5-Unit Apartment Building, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • $1,425,000 asking price for a 5-unit apartment building in Fort Lauderdale, FL.
  • Multifamily property with 3 one-bedroom units ($1,800/month rent each) and 2 two-bedroom units ($2,400/month rent each).
  • All units currently leased on one-year leases.
  • New roof installed in 2020; 40-year certification passed.
  • Six electric meters, one water meter, and coin-operated laundry.
  • Each unit includes designated parking.

Property Details for 1106 5Th Ave

Property type
Apartment buildings, Small apartment buildings
Year Built
1985
Stories
1
Units
5

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.1390983
Longitude
-80.1392384
1106 5Th Ave, Fort Lauderdale, Florida

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1106 5Th Ave
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