Basic Information

  • MLS # F10489456
  • Type Duplex / Quad Plex / Triplex
  • Status Active
  • Subdivision/Complex Progresso
  • Year Built 1967
  • Total Sqft 2,825
  • Date Listed 02/28/2025
  • Days on Market 56
Description

CASH FLOW FOR SALE! This is an easily managed four-plex in East Fort Lauderdale (Blocks from Wilton Manors). Clean & well-maintained property. Stable, established long-term tenants. Coin-op laundry brings in APPROX. $150/month, for a total monthly cash flow of $$6,650, or $78,000 per year. This has been a cash cow for the owner for years, and now it can be yours. Not a short sale or foreclosure. (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

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Design Description Fourplex
  • Parking Description
  • Roof Description Composition, Shingle

Interior Features

  • Adjusted Sqft 2,825Sq.Ft
  • Cooling Description Electric
  • Floor Description Ceramic Tile, Tile
  • Heating Description Electric
  • Sqft 2,825 Sq.Ft

Property Features

  • Address 1507 N E5 T H A V E
  • Architectural Style Fourplex
  • City Fort Lauderdale
  • Community Features Non Gated
  • Construction Materials Block
  • County Broward
  • Furnished Info No
  • Levels One
  • Listing Terms Cash, Conventional
  • Lot Description Less Than Quarter Acre
  • Lot Features Less Than Quarter Acre
  • Pool Features None
  • Possession Close Of Escrow
  • Postal City Fort Lauderdale
  • Public Survey Section One
  • Roof Composition, Shingle
  • Sewer Description Public Sewer
  • Short Sale Regular Sale
  • Stories 1
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info Progresso
  • Tax Amount $3,480
  • Tax Information P R O G R E S S O2-18 D L O T11 B L K39
  • Tax Year 2013
  • Terms Considered Cash, Conventional
  • Type of Property Quadruplex

1507 NE 5th Ave

Fort Lauderdale, FL 33304

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: E PRO Realty. tel: (954) 306-2829

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