520 SE 5th Avenue 3404, Fort Lauderdale, FL 33301 — MLS photo

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520 SE 5th Avenue 3404, Fort Lauderdale, FL 33301

Active · Condominium

$315,000

520 SE 5th Avenue 3404, Fort Lauderdale, FL 33301

Beds
1
Baths
1
Living area
786 sq ft
$ / sq ft
$401/sq ft
Year built
2001
Lot size
—
HOA fee
$895
Annual tax
—

About this property

THREE UNIT CONDO PORTFOLIO LAS OLAS BY THE RIVER RARE OPPORTUNITY IN FORT LAUDERDALE'S MOST DEPENDABLE RENTAL DISTRICT UNLOCK A HIGH-PREFORMING, LOW MAINTENANCE INVESTMENT IN THE HEART OF DOWNTOWN FORT LAUDERDALE. THIS THREE CONDO PACKAGE AT LAS OLAS BY THE RIVER DELIVERS THREE STABILIZED UNITS-ALL LEASED ALL PRODUCING INCOME FROM DAY ONE PREMIUM 33301 LOCATION, STEPS TO RIVERWALK COURTHOUSE AND BUSINESS DISTRICT.STRONG RENTAL VELOCITY PROFESSIONALS, EXECUTIVES, AND LONG-TERM TENANTS DOMINATE THE BUILDING. AMENITY RICH COMMUNITY-RESORT POOL, FITNESS CENTER, SECURE GARAGE PARKING. 2001 CONSTRUCTION OPERATIONAL EFFICIENCY, THREE UNITS IN ONE COMMUNITY=STREAMLINED. LAS OLAS BY THE RIVER SITS IN THE MOST WALKABLE LIFESTYLE, STEPS AWAY FROM WATERFRONT RECREATION, NIGHTLIFE. TENANTS PAY A PREMIUM TO LIVE HERE---EVERYTHING IS AT THEIR DOORSTEP. THIS IS THE SUBMARKET WHERE RENTS RISE FIRST AND FALL LAST.

Property location

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520 SE 5th Avenue 3404, Fort Lauderdale, FL 33301

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
786 sq ft

Exterior & Structure

Property type
Condominium
Year built
2001
Lot size
0 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$895
County
Broward
MLS listing ID
F10503565
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,018

Cap rate
1.8%
Net yield
1.8%
Cash-on-cash return
-13.8%
Gross yield
8.7%
Mortgage payment
$1,493/mo
Down payment
$78,750
Loan amount
$236,250
Annual NOI
$5,705

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.