1432 NE 5th ave, Fort Lauderdale, FL 33304

Description of 1432 NE 5th ave, Fort Lauderdale, FL 33304

Assumable mortgage at 6.1% 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.

Property Details for 1432 NE 5th ave, Fort Lauderdale, FL 33304

Flooring

Tile

Heating

Central, Window/Wall

Cooling

Central Air, Wall/Window Unit(s)

Architectural Style

Attached

Pool Private

No

Year Built Details

Effective Year Built

Building Information for 1432 NE 5th ave, Fort Lauderdale, FL 33304

Building Name

PROGRESSO

Building Area Total

6762

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Property Information for 1432 NE 5th ave, Fort Lauderdale, FL 33304

Lot Features

Less Than 1/4 Acre Lot

Waterfront

No

View

No

Construction Materials

CBS Construction

Roof

Barrel Roof

Exterior Features

Other

Sewer

Public Sewer

Water Source

Municipal Water

New Construction

No

Public Records for 1432 NE 5th ave, Fort Lauderdale, FL 33304

Parcel Number

494234020590

Tax Annual Amount

$8,783

Tax Year

2025

Tax Legal Description

PROGRESSO 2-18 D LOT 21 BLK 56

Zoning

RM-15

County Or Parish

Broward County

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