1014 5th Ave #1-6,Commercial, Free Standing, Income Non-Waterfront, Apartments, Residential-Multi-Family

1014 5th Ave #1-6 (1-6), Fort Lauderdale, Florida, 33311

Price $750,000.00

  • Lot size 10137
  • Year Build 1966
  • Waterfront
  • Zip 33311
  • Style
  • Parking Description Assigned, Free Parking
  • Pool Yes
  • Status Pending

Description

Native Realty is proud to present this 6-unit multifamily property in east FTL's South Middle River neighborhood. The neighborhood is geographically located east of Powerline Rd (NW 9th Ave), north of Sunrise Blvd., west of Andrews Avenue & south of the City of Wilton Manors. The property is professionally managed with 100% occupancy & strong cash flow. Investors could benefit from a value-add by bringing rents up to market rate ($1000/m to $1200/m) and future plans to rezone the neighborhood and surrounding area make it attractive exit strategy for developers. Tenants benefit from easy access to all major roads (95, 595, Turnpike), downtown FTL, Wilton Manors, the beaches, Port Everglades & FTL Int'l Airport. This area is the next major area of growth near downtown FTL. Don't miss out!

Property is 100% occupied & 24-hour notice to show is required. Do not disturb tenants. All showings must be scheduled through the listing agent via ShowingTime. Offering memorandum with current rent roll is attached in MLS listing. Any additional questions, contact the LA - Sara at 305-906-2753 (call/text).

PROGRESSO 2-18 D LOT 32,33,34 BLK 191

Central Business District, City Location, Near Airport, Near Seaport

Native Realty is proud to present this 6-unit multifamily property in east FTL's South Middle River neighborhood. The neighborhood is geographically located east of Powerline Rd (NW 9th Ave), north of Sunrise Blvd., west of Andrews Avenue & south of the City of Wilton Manors. The property is professionally managed with 100% occupancy & strong cash flow. Investors could benefit from a value-add by bringing rents up to market rate ($1000/m to $1200/m) and future plans to rezone the neighborhood and surrounding area make it attractive exit strategy for developers. Tenants benefit from easy access to all major roads (95, 595, Turnpike), downtown FTL, Wilton Manors, the beaches, Port Everglades & FTL Int'l Airport. This area is the next major area of growth near downtown FTL. Don't miss out!

City:Fort Lauderdale,Zoning:RD-15,List A O R:A-Miami Association of REALTORS,Tax Year:2019,Latitude:26.1373642,Malone Id:1001957700,Cooling Y N:1,Heating Y N:1,List Price:750000,Listing Id:A10997668,Longitude:-80.1485715,Mls Status:Pending,Ownership:Other Ownership,Year Built:1966,Directions:GPS: 1014 NW 5th Avenue Fort Lauderdale, Florida 33311,Inclusions:Building & Land,Inventory,Leases, Leases,Possession:1:Negotiable,Postal Code:33311,Street Name:5th Ave,Tenant Pays:1:Telephone,Unit Number:1-6,Contingency:No Contingencies,Coordinates:1:26.1373642,Lot Features:1:City Location,2:Near Airport,3:Near Seaport,Photos Count:18,Building Name:MULTIFAMILY 6 UNITS,Business Type:1:Residential-Multi-Family,Days On Market:15,Listing Terms:1:Conventional/Refinance,2:Other Terms,Lot Size Acres:0.25,Lot Size Units:Square Feet,On Market Date:2021-02-10,Parcel Number:494234050170,Parking Total:8,Property Type:Commercial Sale,Stories Total:1,Street Number:1014,Off Market Date:2021-02-25,Public Remarks:Native Realty is proud to present this 6-unit multifamily property in east FTL's South Middle River neighborhood. The neighborhood is geographically located east of Powerline Rd (NW 9th Ave), north of Sunrise Blvd., west of Andrews Avenue & south of the City of Wilton Manors. The property is professionally managed with 100% occupancy & strong cash flow. Investors could benefit from a value-add by bringing rents up to market rate ($1000/m to $1200/m) and future plans to rezone the neighborhood and surrounding area make it attractive exit strategy for developers. Tenants benefit from easy access to all major roads (95, 595, Turnpike), downtown FTL, Wilton Manors, the beaches, Port Everglades & FTL Int'l Airport. This area is the next major area of growth near downtown FTL. Don't miss out!,Structure Type:1:Free Standing,County Or Parish:Broward County,Expiration Date:2021-08-10,Frontage Length:74,Private Remarks:Property is 100% occupied & 24-hour notice to show is required. Do not disturb tenants. All showings must be scheduled through the listing agent via ShowingTime. Offering memorandum with current rent roll is attached in MLS listing. Any additional questions, contact the LA - Sara at 305-906-2753 (call/text).,Standard Status:Pending,Living Area Units:Square Feet,Major Change Type:Pending,Parking Features:1:Free Parking,Postal Code Plus4:6273,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:11927,Unparsed Address:1014 NW 5th Ave # 6, Fort Lauderdale FL 33311,Building Features:1:Light Traffic,Listing Agreement:Exclusive Right To Sell,Security Features:1:Smoke Detector(s),Year Built Details:New Construction,Building Area Total:3894,Building Area Units:Square Feet,Lot Size Square Feet:10137,Number Of Buildings:1,Original List Price:750000,Public Survey Range:49,Documents Available:1:Copy Of Lease(S),2:Rent Rolls,I D X Participation Y N:1,Syndication Remarks:Native Realty is proud to present this 6-unit multifamily property in east FTL's South Middle River neighborhood. The neighborhood is geographically located east of Powerline Rd (NW 9th Ave), north of Sunrise Blvd., west of Andrews Avenue & south of the City of Wilton Manors. The property is professionally managed with 100% occupancy & strong cash flow. Investors could benefit from a value-add by bringing rents up to market rate ($1000/m to $1200/m) and future plans to rezone the neighborhood and surrounding area make it attractive exit strategy for developers. Tenants benefit from easy access to all major roads (95, 595, Turnpike), downtown FTL, Wilton Manors, the beaches, Port Everglades & FTL Int'l Airport. This area is the next major area of growth near downtown FTL. Don't miss out!,Listing Contract Date:2021-02-10,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:24 Hour Notice,Appointment Only,Showing Assist,Street Number Numeric:1014,Tax Legal Description:PROGRESSO 2-18 D LOT 32,33,34 BLK 191,Electric On Property Y N:1,Gross Scheduled Income:67260,Public Survey Township:49,Construction Materials:1:CBS Construction,2:Insulated,3:Sheet Rock,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:1.0%,Contract Status Change Date:2021-02-25,Distance To Freeway Numeric:1,Internet Address Display Y N:1,Number Of Units In Community:6,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,

  • Price $750,000.00
  • Price Change: 2021-02-10
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1966
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction Concrete Block Construction, CBS Construction, Insulated, Sheet Rock
  • Parking Description Assigned, Free Parking
  • Flooring Type Tile
  • Property Type Commercial Sale
  • Status Pending
  • Listed 2021-02-10
  • Days on Market 63
  • Furnished
  • City Fort Lauderdale
  • Zip 33311
  • State Florida
  • Subdivision
  • Development Name MULTIFAMILY 6 UNITS
  • HOA Fees
  • Taxes 11927
  • Taxes Year 2019