21 days on rocket

1106 NE 5th Ave, Fort Lauderdale, FL, 33304

$1,424,999

Home List Price

$10,000*

Closing Credit

0 Baths
3,754 SqFt
$380/SqFt
Multi

Location

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1106 NE 5th Ave, Fort Lauderdale$1,424,999

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1980
HeatingOther
CoolingCentral Air
MLS #A11685074
StatusActive

About 1106 NE 5th Ave

If you're looking for a fantastic investment opportunity in a prime location, this property is for you! Presenting a well-maintained building with 5 legal units located in the sought-after Lake Ridge area of Fort Lauderdale. Rental Income:3 one-bedroom units rented at $1,800/m, 2 two-bedroom units rented at $2,400/m. All units currently leased on one-year leases. Recently replaced Roof in 2020. 40-Year Certification Passed and up-to-date. 6 electric meters and 1 water meter. Coin-operated washer and dryer. Each apartment has designated private parking. Perfectly situated just minutes away from Las Olas Blvd, Victoria Park, and Flagler Village. Proximity to numerous shopping, dining, and entertainment options, making it attractive to potential tenants.

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1980
  • Stories: 1
  • Living Area: 3,754 SqFt

Listing Office:

  • Office Name: United Realty Group Inc
  • Office Phone: (954) 450-2000
  • Listing Agent: Ilan Allen Ziv

Interior Features

Interior Information:

  • Flooring Type: Other

Virtual/3D Tour

  • Virtual Tour: 1106 NE 5th Ave
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Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,424,999
  • Price Per SqFt: $380/SqFt
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Housing Market Comparison

See how this home compares to others in Fort Lauderdale, FL.

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Fort Lauderdale, FL

City

Med. Sold Price

$484.4K

Med. Price/SqFt

$366

Avg. Days On Market

75

# of Sold Homes

93

1106 NE 5th Ave vs Fort Lauderdale

21 DAYS ON ROCKET

-54 Days

$1,424,999

+$940.5K More

$380/SqFt

+$14 More

KEY TAKEAWAY

This property is $940.5K more than the Median Sold Price and $14/SqFt more than other homes in Fort Lauderdale, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11685074

Listing Office:

  • Office Name: United Realty Group Inc
  • Office Phone: (954) 450-2000
  • Listing Agent: Ilan Allen Ziv

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 10:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$7,180

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,339

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-265347
4
/10

  • North Side Elementary School

  • 120 NE 11th St

  • 0.25 miles

  • Public District Grades PK-5

school-card-donut-265348
5
/10

  • Thurgood Marshall Elementary School

  • 800 NW 13th St

  • 0.86 miles

  • Public Magnet Grades PK-5

school-card-donut-265349
5
/10

  • Bennett Elementary School

  • 1755 NE 14th St

  • 1.05 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,446. The most common annual income of people living in Fort Lauderdale, FL is less than $35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Broward County›Fort Lauderdale›33304›1106 NE 5th Ave

This home is located at 1106 NE 5th Ave in Fort Lauderdale, FL and zip code 33304 in the Middle River Terrace neighborhood. This 3,754 square foot home was built in 1980. It has been listed on Rocket Homes since October 30, 2024 and is currently priced at $1,424,999.

While more than 12 listings in Fort Lauderdale, FL in October 2024 were sold above asking price, there were more than 9 listings sold at asking price, and more than 72 were sold below. The number of listings in Fort Lauderdale, FL increased by 13.2% between September 2024 and October 2024. In October 2024, listings were on the market for 75 days. During the same period, the median list price in this real estate market was $484,475.

From Rocket Homes Real Estate and based on county public records data.

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