USD 750,000

1014 NW 5th Ave 1-6
Fort Lauderdale, Florida 33311

For Sale

Property 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!

Listed by Native Realty Co.

Property Details

ID #
A10997668
Status
Sale
Type
Commercial, Industrial, Income/Multi-Family 5+
Zip Code
33311
Lot Area
10,890ft2
Year Built
1966
Parking Spaces
8
Building Feature
Air Conditioning, Smoke alarms
Roof Material
Wood shingle roof
Water Source
City/mains water
Septic
City sewer
Ceiling
Insulated, Sheet Rock
Construction
CBS Construction, Concrete Block Construction
Floor
Tile Floors
Location
Central Business District, City Location, Near Seaport
Miscellaneous
Child Play Area, Light Traffic
Occupancy
Call Listing Agent
Parking
Assigned Parking, Free Parking
Road Frontage
City Road
Road Type
Divided
Storm Protection
Complete Other Protection
Type of Building
Apartments, Residential-Multi-Family
Utilities
Internet
Zoning Information
RD-15

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