1106 NE 5th Ave - Apartments FOR SALE


Fort Lauderdale, FL 33304
$1,425,000 USD
718-777-7444
1106 NE 5th Ave, Fort Lauderdale, FL for Sale
$1,425,000 USD
Apartments - FOR SALE
1/14
null | 6.63% Cap Rate

1106 NE 5th Ave
Fort Lauderdale, FL 33304


HIGHLIGHTS

  • Median Household Income, within a 3 miles radius $67,334
  • Traffic Volume at E Sunrise Blvd and NE 5th Ave 45,755
  • 17 Minute drive to Fort Lauderdale-Hollywood International Airport
  • Building amenities consist of AC, Kitchen, and Family Room.

OVERVIEW

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. and $2080/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. 2 apartments are fully renovated from A-Z. 2 apartment have NEW AC.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$380 USD /SF

# OF UNITS

5

PRICE/UNIT

$285,000

CAP RATE

6.63%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Angel Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

RMM-25

APN/PARCEL ID

49-42-34-04-0910

ASK ABOUT THIS PROPERTY

Allen Zizcoyaz holding llcMore Info
718-777-7444

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Allen Zizcoyaz holding llcMore Info
718-777-7444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.