1506 Northeast 5th Avenue
- 4-unit multifamily property
- Strong demand for small multifamily units
- Zoned RM-15 allowing for redevelopment potential
- Located near Downtown Fort Lauderdale and Flagler Village
Property Description
Native Realty is pleased to present a 4-unit multifamily investment opportunity located at 1506 NE 5th Avenue in Fort Lauderdale. The property consists of approximately 2,269 square feet of improvements situated on a 6,507 square foot lot. The asset offers a well-configured layout with strong rental appeal, catering to consistent demand for small-format multifamily units in the area. The property provides stable in-place income with the opportunity to increase rents through interior upgrades and improved management. Zoned RM-15, the property allows for multifamily residential use with potential for future redevelopment or density optimization. Its manageable scale makes it an ideal entry-level investment or a strategic addition to an existing portfolio. Strategically located just minutes from Downtown Fort Lauderdale, Flagler Village, and Wilton Manors, the property benefits from proximity to major employment centers, retail, dining, and transportation corridors. This offering presents an opportunity to acquire a well-located, income-producing asset with value-add potential in a high-demand rental submarket.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $800,000 |
| No. of Units: | 4 |
| Year Built: | 1968 |
| Lot Size: | 0.15 Acres |
| Opportunity Zone: | No |
| Price per unit: | $200,000 |
| Property Website | Click Here |
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