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Progresso

$1,399,999

1106 NE 5th ave, Fort Lauderdale, FL 33304

Active
Last Updated: 02/26/2025

3,754 sqft

Building Size

1980

Year Built

Details:
Building Size:    3,754 sqft
Year Built:    1980
Floors:    1
Parking Spots:    6
Gross Leaseable Area:    3,754
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot
  • Documents Available: Copy Of Lease(S), Rent Rolls
  • Architectural Style: Other
  • Cooling: Central Air
  • Heating: Other
  • Flooring: Other
  • Construction Materials: CBS Construction
Description:

If you're looking for a fantastic investment opportunity in a prime location, this property is for you! Presenting a well-maintained building with 5 legal units located in the sought-after Lake Ridge area of Fort Lauderdale. Rental Income:3 one-bedroom units rented at $1,800/m, 2 two-bedroom units rented at $2,400/m. All units currently leased on one-year leases. Recently replaced Roof in 2020. 40-Year Certification Passed and up-to-date. 6 electric meters and 1 water meter. Coin-operated washer and dryer. Each apartment has designated private parking. Perfectly situated just minutes away from Las Olas Blvd, Victoria Park, and Flagler Village. Proximity to numerous shopping, dining, and entertainment options, making it attractive to potential tenants.

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