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$849,000

  • Sold
  • Closed
  • Multi-Family
  • Updated 2 days ago
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CASH FLOW FOR SALE! Just outside Wilton Manors Four-plex in East Fort Lauderdale. Professionally Managed property w/stable long-term tenants. This has been a cash cow for the owner for years. Separate Electric Meters for each Unit- Insurance, water/sewer/trash, Laundry Room Electric & RE taxes=$22,000. Unit #1 $1800/mo. Lease ends 11/14/26|Unit #2 $1700/mo. Lease ends 1/31/26|Unit #3 $1600/mo. Lease ends 2/30/26|Unit #4 $1700/mo. Lease ends 2/28/26- Coin-op laundry on Site brings in Approx.. $150/month, Property total monthly cash flow =$6,950.00 or $83,400 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.

Full Property Details for 1507 NE 5th Ave

General

  • Sold For: $849,000
  • Taxes: $3,480 (2013)
  • Status: Closed
  • Type: Multi-Family
  • Source: Regional
  • MLS ID: F10489456
  • Added to Site: 370 day(s) ago

Interior

  • Flooring: Ceramic Tile, Tile

Exterior

  • Exterior Features: Balcony
  • Porch/Patio/Deck: Porch, Balcony

Location

  • County: Broward
  • Subdivision: PROGRESSO
  • Driving Directions: MAP QUEST OR TAKE SUNRISE BLVD TO NE 4 AVENUE, GO NORTH TO NE 15 STREET, EAST TO NE 5 AVE, NORTH TO PROPERTY. THIS IS THE SECOND PARCEL ON THE LEFT (WEST)SIDE OF THE STREET. NO SIGN

Community

  • Community Name: 3370
  • Assoc. Fees Include: Sewer, Trash, Water
  • Units Assoc/Comm: 44

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Electric
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Cable Available

Structural Information

  • Construction: Block
  • Roof: Composition, Shingle
  • Stories/Levels: 1
  • Square Feet: 2,825
  • Living Area: 2,825 Sq. Ft.
  • Year Built: 1967
  • Property Condition: Resale

Lot Features

  • Lot Dimensions: 6749
  • Lot Features: 1/4 Acre
  • Zoning: 10 APART

Financial Considerations

  • Operating Expenses: $14,068
  • Assessment Amount: $122,510
  • Tax Amount: $3,480
  • Tax Year: 2013
  • Terms: Cash, Conventional

Disclosures and Reports

  • Documents Avail.: Rent Rolls
  • Legal Description: PROGRESSO 2-18 D LOT 11 BLK 39
  • Property ID: 494234017930

Listed by E PRO Realty
Sold by Triangle Properties, Inc.

Listing agents

— 1507 NE 5th Ave —

  • E PRO Realty

  • E PRO Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1507 NE 5th Ave

School District:Broward County School District
NameGradesDistance
North Side Elementary School
120 Northeast 11th Street, Fort Lauderdale, FL 33304
PK-50.6 mi
Sunrise Middle School
1750 Northeast 14th Street, Fort Lauderdale, FL 33304
6-81.1 mi
Fort Lauderdale High School
1600 Northeast 4th Avenue, Fort Lauderdale, FL 33305
9-120.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1507 NE 5th Ave

Date
Details
Price
Change
Source
1/05/2026
Sold
$849,000
-5.67%
MLS
10/23/2025
Price Reduced
$899,999
-2.7%
MLS
3/18/2025
Price Reduced
$924,998
-2.63%
MLS
2/28/2025
Listed
$949,998
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by E PRO Realty
Sold by Triangle Properties, Inc.

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1507 NE 5th Avenue, Fort Lauderdale, FL 33304 (MLS# F10489456) is a Multi-Family property that was sold at $849,000 on January 05, 2026. Want to learn more about 1507 NE 5th Avenue? Do you have questions about finding other Multi-Family real estate for sale in Fort Lauderdale? You can browse all Fort Lauderdale real estate or contact a Coldwell Banker agent to request more information.