FORT LAUDERDALE, FL 33304

PROPERTY DETAILS:

Address: 1432 NE 5th Ave, Fort Lauderdale, FL 33304

Property Type: Quadruplex / Residential Income

Units: 4

Living Area: 2,317 sqft

Year Built: 1965

Zoning: RM-15

HOA: No HOA

Furnished: No

Pool: No

Occupancy: All 4 units tenant occupied

Parking: 5 spaces

Current MLS records confirm the property as a four-unit residential-income property. The current unit mix is two 1/1 units and two studio units.

PRICING:

Entry Fee: $96,000 + CC + TC

Purchase Price: $1,077,887

4-Month Reserve: $32,464 - included in the down payment

SUBTO FINANCING:

Mortgage Balance: $981,887

Interest Rate: 6.25%

PITI: $8,116 / Month

Total Monthly Payment: $8,116

Runway / Balloon: 5 Years

No new bank loan required at closing.

Buyer has a 5-year runway to assume, refinance, or pay off the existing financing.

CURRENT RENT ROLL:

Unit 1: $1,650 / Month

Unit 2: $1,700 / Month

Unit 3: $2,000 / Month

Unit 4: $1,550 / Month

Total Current Rent: $6,900 / Month

Annual Gross Rent: $82,800

Buyer begins collecting rents at closing. Current MLS data confirms all four units are tenant occupied and the individual rents total $6,900/month.

PROPERTY CONDITION & FEATURES:

Construction: CBS / Concrete Block

Roof: Barrel Roof

Flooring: Tile

Cooling: Central Air + Wall/Window Units

Heating: Central + Wall/Window

Water: Municipal/Public

Sewer: Public Sewer

Exterior: Fenced with open/wrap-around porch

Parking: 5 Spaces

Annual Property Taxes: $8,783 for 2025

The property is a one-story fourplex in the Progresso/Middle River Terrace area.

INVESTMENT HIGHLIGHTS:

4 separate rental units in one acquisition.

All units currently tenant occupied.

$6,900/month current rent roll.

$82,800 annual gross rent.

Buyer collects rents from closing.

Only $96,000 entry + CC + TC.

4-month reserve included in the down payment.

No HOA.

No new bank loan required at closing.

5-year runway to assume, refinance, or pay off.

The property is currently publicly marketed at $1,090,000, after previously being offered at $1.125M.

CONTACT:

For additional property details, walkthrough instructions, rent roll/lease information, or to submit an offer, please contact:

Mike Graham

NexKey Collective

Phone: (917) 746-5159

BUYERS, PLEASE CONDUCT YOUR DUE DILIGENCE.