Prime turnkey income producing property to add to your portfolio, offering exceptional rental income & future development potential. Located in the desirable tarpon river neighborhood, just steps from the new river, las olas & in the heart of fort lauderdale, this property features 2 beautifully remodeled units. Each unit offers 2 bedrooms, 1 bathroom, in-unit laundry, & separate electrical meters. Lower unit includes a private backyard with a hot tub, while the upper unit is fully furnished & actively generating income through short term rentals. Oversized 145' x 50' lot (7,250 sq ft) with rd-15 zoning, this property is ideal for future redevelopment. Recent improvements completed include new roof, water heaters, electrical systems, hvac systems. No hoa.
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Maria Isabel Sanchez • Gilvan Realty Corp. • Buyer Agency Compensation .
Instant Comparative Market Analysis
Closed
Active
$100/ft²
$300/ft²
$600/ft²
$1,000/ft²
Unit 520 SW 5th Ave – Asking
$586/ft²
(+45%) from Closed Medium $/ft²
Closed Medium $/ft²
$405/ft²
Community $/Price Range (Closed) $138/ft² – $823/ft²
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