For SaleQuadruplexActive
1432 NE 5th Ave
Fort Lauderdale, FL 33304
$1,090,000
218 Days On Site
- 2,317Sq Ft
- $470Per Sq Ft
- 1965Built
- Subdivision
- Progresso
- County
- Broward
- MLS®
- A12017563
Overview
Assumable mortgage at 6.25% interest. If the loan is assumed, the buyer's closing costs are expected to be under $2,000. If closing costs exceed that amount, the seller is willing to cover the difference.
All units are tenant occupied, providing immediate income from day one. Seller is motivated and open to creative financing opportunities.
Exceptional 4-unit multifamily investment in Fort Lauderdale’s highly desirable Middle River Terrace neighborhood, minutes from Wilton Manors, Flagler Village, Las Olas Boulevard, Downtown Fort Lauderdale, and Fort Lauderdale Beach. Convenient access to I-95, Galleria Mall, Whole Foods, Publix, shopping, dining, nightlife, and major employment centers.
Strong rental demand, ongoing area redevelopment, and continued population growth make this an attractive opportunity for investors seeking stable cash flow and long-term appreciation. Significant upside exists through rental optimization and strategic management. Ideal for investors looking to expand their portfolio with a well-located multifamily asset in one of South Florida’s most active rental markets. Short-term rental potential may be explored subject to local regulations.
Listing Snapshot
- Price
- $1,090,000
- Days On Site
- 218 Days
- Bedrooms
- N/A
- Inside Area (SqFt)
- 2,317 sqft
- Total Baths
- N/A
- Full Baths
- N/A
- Partial Baths
- 0
- Lot Size
- N/A
- Year Built
- 1965
- MLS® Number
- A12017563
- Status
- Active
- Property Tax
- $8,783 (2025)
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- N/A
Property Details
General Features
9 items
- Levels
- One
- Parking Spaces
- 5
- Property Sub Type
- Quadruplex
- Sewer
- Public Sewer
- SqFt Total
- 6,762
- Style
- Fourplex
- Utilities
- Cable Available
- Water Source
- Public
- Zoning
- RM-15
Interior Features
3 items
- Cooling
- Central Air, Wall/Window Unit(s)
- Flooring
- Tile
- Heating
- Central, Wall Furnace
Exterior Features
6 items
- Construction Details
- Block, Concrete
- Exterior
- Other
- Fencing
- Fenced
- Patio And Porch
- Porch, Wrap Around
- Pool Features
- None
- Roof
- Barrel
Community Features
2 items
- MLS Area
- 3370
- Financing Terms Available
- Assumable, Cash, Conventional
Location
1432 NE 5th Ave, Fort Lauderdale, FL 33304 · 3370
Neighborhood & Commute
ZIP Code 33304
- Median household income
- $83,970
- Income per person
- $66,531
- Households
- 11,379
- Average household size
- 1.72
- Median age
- 47.3
Source: Walk Score.
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Price & Status History
- Listing updated with changes from the MLS®
- Price changed to $1,090,000
- Status changed to Active
- Listing first seen on site
Friends & Family
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