1115 5th Ave,Attached, Duplex, Progresso

1115 5th Ave, Fort Lauderdale, Florida, 33311

Price $6,500,000.00

  • Lot size 2000
  • Year Build 1966
  • Waterfront
  • Zip 33311
  • Style Attached
  • Parking Description
  • Pool Yes
  • Status Active

Description

Rare opportunity to acquire 17 units in one easy deal from long term reputable seller. 2 units in Homestead(one SF/single family 6/2 & one townhome 3/2.Both built in 2003), 3 SF homes in Sistrunk,1 SF in Lauderdale Manors, 1 SF in Poinsettia Heights, 1 duplex & 9 SF homes in South Middle River. Single family homes have become increasingly scarce in supply due to the recent housing demand & are considered highly desirable assets. The properties have all been upgraded. But more can be done to increase values rent including adding several Granny Flats & turning some homes into duplexes. 12 of the properties are located in Opportunity Zone?s and can benefit from the Opportunity Zone tax incentives. *See supplemental remarks for property addresses. Please do not disturb the tenants*

Rare opportunity to acquire 17 units in one easy deal from long term reputable seller. Seller will consider financing with 50% down at 8% interest maturing in 36 months and 2 point paid up front to give you a chance to get long term financing in place.

PROGRESSO 2-18 D LOT 17,18 BLK 134

Less Than 1/4 Acre Lot

Rare opportunity to acquire 17 units in one easy deal from long term reputable seller. 2 units in Homestead(one SF/single family 6/2 & one townhome 3/2.Both built in 2003), 3 SF homes in Sistrunk,1 SF in Lauderdale Manors, 1 SF in Poinsettia Heights, 1 duplex & 9 SF homes in South Middle River. Single family homes have become increasingly scarce in supply due to the recent housing demand & are considered highly desirable assets. The properties have all been upgraded. But more can be done to increase values rent including adding several Granny Flats & turning some homes into duplexes. 12 of the properties are located in Opportunity Zone?s and can benefit from the Opportunity Zone tax incentives. *See supplemental remarks for property addresses. Please do not disturb the tenants*

City:Fort Lauderdale,Zoning:DUPLEX,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2021,Latitude:26.1390413,Malone Id:2094257344,Cooling Y N:1,List Price:6500000,Listing Id:A11068345,Longitude:-80.1493783,Mls Status:Active,Year Built:1966,Living Area:2000,Postal Code:33311,Street Name:5th Ave,Coordinates:1:26.1390413,Photos Count:1,Building Name:PROGRESSO,Days On Market:1,Listing Terms:1:Assumable,2:Conventional,3:FHA,4:Owner Will Carry,Lot Size Units:Square Feet,M L S Area Major:Progresso,On Market Date:2021-07-08,Parcel Number:494234037710,Parking Total:4,Property Type:Residential Income,Stories Total:1,Street Number:1115,M I A M I R E_ Style:Duplex,Public Remarks:Rare opportunity to acquire 17 units in one easy deal from long term reputable seller. 2 units in Homestead(one SF/single family 6/2 & one townhome 3/2.Both built in 2003), 3 SF homes in Sistrunk,1 SF in Lauderdale Manors, 1 SF in Poinsettia Heights, 1 duplex & 9 SF homes in South Middle River. Single family homes have become increasingly scarce in supply due to the recent housing demand & are considered highly desirable assets. The properties have all been upgraded. But more can be done to increase values rent including adding several Granny Flats & turning some homes into duplexes. 12 of the properties are located in Opportunity Zone?s and can benefit from the Opportunity Zone tax incentives. *See supplemental remarks for property addresses. Please do not disturb the tenants*,County Or Parish:Broward County,Expiration Date:2022-07-08,Private Remarks:Rare opportunity to acquire 17 units in one easy deal from long term reputable seller. Seller will consider financing with 50% down at 8% interest maturing in 36 months and 2 point paid up front to give you a chance to get long term financing in place.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:6239,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:PROGRESSO,Tax Annual Amount:5224,Unparsed Address:1115 NW 5th Ave, Fort Lauderdale FL 33311,Listing Agreement:Exclusive Agency,Year Built Details:New Construction,Building Area Total:2000,Building Area Units:Square Feet,Lot Size Square Feet:2000,M I A M I R E_ L P Amt Sq Ft:3250,Original List Price:6500000,Public Survey Range:49,I D X Participation Y N:1,Syndication Remarks:Rare opportunity to acquire 17 units in one easy deal from long term reputable seller. 2 units in Homestead(one SF/single family 6/2 & one townhome 3/2.Both built in 2003), 3 SF homes in Sistrunk,1 SF in Lauderdale Manors, 1 SF in Poinsettia Heights, 1 duplex & 9 SF homes in South Middle River. Single family homes have become increasingly scarce in supply due to the recent housing demand & are considered highly desirable assets. The properties have all been upgraded. But more can be done to increase values rent including adding several Granny Flats & turning some homes into duplexes. 12 of the properties are located in Opportunity Zone?s and can benefit from the Opportunity Zone tax incentives. *See supplemental remarks for property addresses. Please do not disturb the tenants*,Listing Contract Date:2021-07-08,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:Other Showing Instruction,Street Number Numeric:1115,Tax Legal Description:PROGRESSO 2-18 D LOT 17,18 BLK 134,Public Survey Township:49,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:3%,M I A M I R E_ Adjusted Area S F:2000,Contract Status Change Date:2021-07-08,Internet Address Display Y N:1,Number Of Units In Community:2,Internet Consumer Comment Y N:1,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:3250,Internet Automated Valuation Display Y N:1,

  • Price $6,500,000.00
  • Price Change: 2021-07-08
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1966
  • Waterfront
  • View
  • Pool Yes
  • Style Attached
  • Construction Concrete Block Construction
  • Parking Description
  • Flooring Type Ceramic Floor
  • Property Type Residential Income
  • Status Active
  • Listed 2021-07-08
  • Days on Market 22
  • Furnished
  • City Fort Lauderdale
  • Zip 33311
  • State Florida
  • Subdivision PROGRESSO
  • Development Name PROGRESSO, Progresso
  • HOA Fees
  • Taxes 5224
  • Taxes Year 2021