Brad Glowe - Arterra Realty Logo
$1,090,000
 $5,851 est/mo Sourced by Back At You

1432 NE 5th Avenue,Fort Lauderdale, FL 33304

Fort Lauderdale, FL 33304

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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.

Details

MLS #A12017563
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1965
Days On Site148
Listing Provided ByLPT Realty, LLC | Hamza Zafar

Features

SQ Feet2,317
Story(s)1
Units4
ZoningRM-15

Taxes

Tax Annual Amount8783

Area Information

StateFL
CountyBroward
CityFort Lauderdale
Zip Code33304
Area3370
SubareaFTNE Ft Lauderdale NE (3240 3270;3350 3380;3440 3450;3700)
Community NamePROGRESSO
Listing VS Median (in PROGRESSO)
Price:
$1,090,000
low | high
Med:
$6,100
100% of Average
sqft:
2,317
low | high
Med:
2,112
58.847647820457% of Average
$ / sqft:
$470
low | high
Med:
$3
100% of Average
On site:
148
low | high
Med:
11
100% of Average
Sourced by Back At You

Market Activity 33304

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Learn More About This Property

Brad Glowe

Brad Glowe

Arterra

 (586) 651-0337brad.glowe@arterrarealty.com
StateFL
CountyBroward
CityFort Lauderdale
Zip Code33304
Area3370
SubareaFTNE Ft Lauderdale NE (3240 3270;3350 3380;3440 3450;3700)
Community NamePROGRESSO
Listing VS Median (in PROGRESSO)
Price:
$1,090,000
low | high
Med:
$6,100
100% of Average
sqft:
2,317
low | high
Med:
2,112
58.847647820457% of Average
$ / sqft:
$470
low | high
Med:
$3
100% of Average
On site:
148
low | high
Med:
11
100% of Average
Sourced by Back At You
Listing Updated: September 29, 2026 at 2:46:55 AM PDT