South Florida
Middle River Terrace, 1507 NE 5th Ave, Fort Lauderdale, FL 33304
949,998(-2.63% )
$924,998Price
2,825SqFt
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Details
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Status:
Active
Size: 2,825 SqFt (262 m2)
Price: $327/SqFt ($3,524/m2)
Type: Multi Family
Built: 1967
MLS Number: F10489456
On Site: 152 Days
Updated: 78 Days ago
Page Views: 0
Cash flow for sale! Four-plex in east fort lauderdale (blocks from wilton manors). Professionally managed property w/stable long-term tenants. This has been a cash cow for the owner for years. 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 there is coin-op laundry on site that brings in approx.. $150/month, property total monthly cash flow =$6,650, or $78,000 per year. Please do not walk the property–tenants are unaware for sale. *showings only available after an accepted offer* this is a strong income producing asset in high-demand rental market. Ideal for investors seeking steady returns w/minimal management hassle!
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Electric
- Cooling Description: Electric
Building and Construction
- Floor Description: CeramicTile,Tile
- Year Built: 1967
- Year Built Description: Resale
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2025-02-28T10:58:20.000-00:00
Taxes, Fees & More
- Taxes: 3480
- Total Units in Building: 4
Price History
03/18/2025
Date
Price Reduced
Event
$925K
Price
-2.63%
Change Rate
$327 ft2 / $3,524 m2
Price Per
02/28/2025
Date
Listed
Event
$950K
Price
$336 ft2 / $3,620 m2
Price Per
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by John Kemper • E PRO Realty • Buyer Agency Compensation .
Instant Comps
$100/ft²
$300/ft²
$600/ft²
$900/ft²
Unit 1507 NE 5th Ave – Asking
$327/ft²
(-19%) from Closed Medium $/ft²
Closed Medium $/ft²
$402/ft²
Community $/Price Range (Closed) $231/ft² – $703/ft²
No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
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