Progresso Fourplex For Sale
1507 Ne 5th Ave, Fort Lauderdale, FL 33304

$899,999
Pending For Sale
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:F10489456
  • Virtual Tour: YES
  • List Price: $899,999
  • Living Area: 2825 Ft² / 262 M²
  • Price Per Foot/Meter: $319 / $3,429
  • Taxes:$3,480
  • Year Built:1967
  • Listing Date:February 28, 2025
  • Days On Market:278
  • Total Units:4

Description


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.

Features


  • Floor:CeramicTile, Tile
  • Exterior Feature:

Location


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Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker