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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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1432 NE 5th Ave , Fort Lauderdale, FL 33304
$1,090,000
Est. Payment: $2,422.22/mo
3 Bed
4 Bath
2317 Sqft
Status: Active | Days on site: 118
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LPTR01 - 3626463,3122711
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House Description

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.

Highlights

Listed by Hamza Zafar , 561-702-4465 and David Kurz , 786-299-2532 LPT Realty, LLC , 877-366-2213.

Property Type

Multi-Family

Year Built

1965

County

Broward

Area

3360

Neighborhood

Progresso

Listing ID

A12017563

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:4
  • Full Bathrooms:
Air Cond:Central Air,Wall/Window Unit(s)
Fireplaces:
Floor:Tile
Water:Public

Exterior Features

Lot:< 1/4 Acre
Garage Capacity:5
Zoning:RM-15
Roof:Barrel
Others:
  • Additional:Fence, Porch
Sewer:Public Sewer
Principal Interest
$2,422
Taxes
$732

Home Price

$1,090,000

Loan Details

30 yrs
%

Down Payment

20%
$218,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,422.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,422.22 $731.92 $0.00 $3,154.14
Yearly $29,066.67 $8,783.00 $0.00 $37,849.67
Total $872,000.00 $263,490.00 $0.00 $1,135,490.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Fort Lauderdale, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.