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For sale
  • $924,998

    1507 NE 5th Ave, Fort Lauderdale, FL 33304

    7beds
    5baths
    2,825sqft
    : 
    Quadruplex
    Built in 1967
    -- sqft lot
    $887,100 Zestimate®
    $327/sqft
    $-- HOA

    What's special

    CASH FLOW FOR SALE! Four-plex in East Fort Lauderdale (Blocks from Wilton Manors). Professionally Managed property w/stable long-term tenants. This has been a cash cow for the owner for years. Insurance, electric, water, sewer, trash & RE taxes total $22,000. Unit #1 $1700/mo. Lease ends 11/14/25 Unit #2 $1700/mo. Lease ends 1/31/26 Unit #3 $1400/mo. Lease ends 11/30/25 Unit #4 $1700/mo. Lease ends 2/28/26 There is Coin-op laundry on Site that brings in Approx.. $150/month, Property total monthly cash flow =$6,650, or $78,000 per year. Please Do not walk the property–tenants are unaware for sale. *Showings ONLY available after an ACCEPTED OFFER* This is a strong income producing asset in high-demand rental market. Ideal for investors seeking steady returns w/minimal management hassle!
    112 days
    on Zillow
    |
    174
    |
    12
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 13, 2025 at 08:19am

    Listed by:

    John Kemper 954-306-2829,

    E PRO Realty,

    Lee Goldman 754-224-7489,

    E PRO Realty

    Source: BeachesMLS ,MLS#: F10489456MLS LogoOriginating MLS: Beaches MLS
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 1507 NE 5th Ave.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 5
    Heating
    • Electric
    Cooling
    • Electric
    Features
    • Flooring: Ceramic Tile, Tile
    Interior area
    • Total interior livable area: 2,825 sqft
    Video & virtual tour

    Property

    Parking
    • Total spaces: 5
    Features
    • Stories: 1
    Lot
    • Size: 6,747.44 Square Feet
    • Dimensions: 6749
    • Features: Less Than 1/4 Acre Lot
    Details
    • Parcel number: 494234017930
    • Zoning: 10 APART

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Cbs Construction
    • Roof: Composition
    Condition
    • Year built: 1967

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Subdivision: Progresso
    HOA
    • Has HOA: No
    Location
    • Region: Fort Lauderdale

    Financial & listing details

    • Price per square foot: $327/sqft
    • Tax assessed value: $136,380
    • Annual tax amount: $3,480
    • Date on market: 2/28/2025
    • Listing terms: Cash,Conventional
    • Total actual rent: 41040
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