1432 NE 5th AVE, Fort Lauderdale, FL 33304
1432 NE 5th AVE, Fort Lauderdale, FL 33304
1432 NE 5th AVE, Fort Lauderdale, FL 33304
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Kathleen Comerford

Kathleen Comerford

+1(561) 419-5525
$1,090,000
Est. payment /mo
2,317 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,317 sqft

Price per Sqft $470

Subdivision Progresso

MLS Listing ID A12017563

HOA Y/N No

Total Fin. Sqft 2317

Year Built 1965

Annual Tax Amount $8,783

Tax Year 2025

Property Sub-Type Quadruplex

Property Description

Assumable mortgage at 6.1% interest. If the loan is assumed, the buyer's closing costs are expected to be under $2,000. If closing costs exceed that amount, the seller is willing to cover the difference.All units are tenant occupied, providing immediate income from day one. Seller is motivated and open to creative financing opportunities.Exceptional 4-unit multifamily investment in Fort Lauderdale's highly desirable Middle River Terrace neighborhood, minutes from Wilton Manors, Flagler Village, Las Olas Boulevard, Downtown Fort Lauderdale, and Fort Lauderdale Beach. Convenient access to I-95, Galleria Mall, Whole Foods, Publix, shopping, dining, nightlife, and major employment centers.Strong rental demand, ongoing area redevelopment, and continued population growth make this an attractive opportunity for investors seeking stable cash flow and long-term appreciation. Significant upside exists through rental optimization and strategic management. Ideal for investors looking to expand their portfolio with a well-located multifamily asset in one of South Florida's most active rental markets. Short-term rental potential may be explored subject to local regulations.

Location

State FL

County Broward

Area 3370

Zoning RM-15

Interior

Interior Features InteriorFeatures

Heating Central, Separate Meters, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Flooring Tile

Fireplace No

Exterior

Exterior Feature Outdoor Living Area, Other

Fence Fenced

Utilities Available Cable Available

Water Access Desc Public

Roof Type Barrel

Porch Porch, Wrap Around

Total Parking Spaces 5

Private Pool No

Building

Dwelling Type Multi Family

Story 1

Sewer Public Sewer

Water Public

Structure Type Block

Schools

Elementary Schools North Side

Middle Schools Sunrise

High Schools Fort Lauderdale

Others

Tax ID 494234020590

Acceptable Financing Assumable, Cash, Conventional, Other

Listing Terms Assumable, Cash, Conventional, Other

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12017563

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BeachesMLS, Inc. (FLR) IDX
Listed by Hamza Zafar LPT Realty, LLC

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1432 NE 5th AVE

Kathleen Comerford
Kathleen Comerford

Team Leader | Broker Associate | License ID: BK3455404

+1(561) 419-5525 | team@thecomerfordgroupfl.com

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