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1124 NE 5th Ave Fort Lauderdale, FL $ 1,750,000
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$ 1,750,000 Get more info
1124 NE 5th Ave
$ 1,750,000
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1124 NE 5th Ave

Fort Lauderdale, FL, 33304
$ 1,750,000
Bedrooms6 Baths6.0

Monthly Estimate*

$ 10,918

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Commercial Property for sale in Fort Lauderdale, FL

for $1,750,000 with 6 bedrooms and 6 full baths. This building was built in 1951 on a lot size of 0.465.

This income-producing property features eight units, each with separate water and electric meters. Five units are recently renovated, and three are in need of updating. The detached three-bedroom unit has a new kitchen and baths being installed for maximum rental potential- it also has new impact windows and doors being installed. A new roof was installed in 2020, and 7 of the 8 units are currently rented, providing steady income. Located within walking distance to Wilton Manors and Wilton Drive’s shops and restaurants, the property is also close to Las Olas, Flagler Village, and Victoria Park, making it highly desirable for tenants. Sale includes two side by side parcels of land that total half an acre. First Parcel holds a six plex and second parcel holds a duplex.

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Commercial Active

Price

$ 1,750,000

Bedrooms

6

Full Bath

6

Property Type

Commercial

Taxes

$ 15,611

Style

Lot Size

0.465

Year Built

1951

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

F10486705
Features
General
Water Description Public Water
Property Type Commercial/Industrial
Area 3370
Section 34
Security Security Lighting
Approximate Lot Size 20256
Short Sale 0
Year Built 1951
Type of Property Income/Multi-Family
Waterfront Property 0
REO 0
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Interior
Heating Description Central Building A/C
Flooring Tile Floors
Cooling Description Central Building A/C
Fire Protection Smoke Detector
Units 8
Stories 1.0000
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Exterior
Parking Description Common Parking Guest Parking
Construction Type Concrete Block Construction
Buidlings 2
Acres 0.4650
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* Excluded Features
List By
Coldwell Banker Realty

Broker

corbinmitchell30@gmail.com

Email

Affordability Calculator

$12,219
Per Month
89%
11%
0%
Monthly Principal & Interest
$10,918
Monthly Property Taxes
$1,301
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
295894 Elementary School
296011 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/15/2025$1,750,000 -7.89% Price Down
2/14/2025$1,900,000 Listed Price

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1124 NE 5th Ave, Fort Lauderdale, FL, 33304 is a Commercial Property for sale at $1,750,000 with a lot size of 0.465. 1124 NE 5th Ave has 6 bedrooms, 6.0 baths, and was built in 1951. The property's zip code is 33304 which is in Fort Lauderdale, FL

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