1507 Ne 5th Avenue, Fort Lauderdale, FL 33304

$849,000
2,825
SqFt
Sold Price
$849,000
List Price
$899,999
Closing Date
Jan 05, 2026
MLS
F10489456
Complex Name
Progresso
Status
CLOSED
Type
Multifamily
Living Area
2,825

Property Description

CASH FLOW FOR SALE! Just outside Wilton Manors Four-plex in East Fort Lauderdale. Professionally Managed property w/stable long-term tenants. This has been a cash cow for the owner for years. Separate Electric Meters for each Unit- Insurance, water/sewer/trash, Laundry Room Electric & RE taxes=$22,000. Unit #1 $1800/mo. Lease ends 11/14/26|Unit #2 $1700/mo. Lease ends 1/31/26|Unit #3 $1600/mo. Lease ends 2/30/26|Unit #4 $1700/mo. Lease ends 2/28/26- Coin-op laundry on Site brings in Approx.. $150/month, Property total monthly cash flow =$6,950.00 or $83,400 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.

Additional Information

Days on Market
265
Style
Fourplex
Year Built
1967
Development Name
Progresso
#Stories
1
Construction Type
CBS Construction
Section
34

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Listing Courtesy of E PRO Realty, Contact:

Selling Office: Triangle Properties, Inc..