520 SE 5th Avenue 3704, Fort Lauderdale, FL 33301 — MLS photo

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520 SE 5th Avenue 3704, Fort Lauderdale, FL 33301

Active · Condominium

$310,000

520 SE 5th Avenue 3704, Fort Lauderdale, FL 33301

Beds
1
Baths
1
Living area
786 sq ft
$ / sq ft
$394/sq ft
Year built
2001
Lot size
—
HOA fee
$895 Monthly
Annual tax
$5,557

About this property

THREE-UNIT CONDO PORTFOLIO LAS OLAS BY THE RIVER, A RARE BULK OPORTUNITY IN FORT LAUDERDALE'S MOST DEPENDABLE RENTAL DISTRICT UNLOCK A HIGH-PREFORMING LOW MAINTENANCE INVESTMENT IN THE HEART OF 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, NIGHT LIFE, DINING AND TRANSIT. TENANTS PAY A PREMIUM TO LIVE HERE -------EVERYTHING IS AT THEIR DOORSTEP. THIS IS THE SUBMARKET WHERE RENTS RISE FIRST AND FALL LAST. CAN BE SOLD SEPERATELY!

Property location

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520 SE 5th Avenue 3704, Fort Lauderdale, FL 33301

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
786 sq ft
Flooring
Ceramic Tile, Hardwood, Wood
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, First Floor Entry, High Ceilings, Main Level Primary, Main Living Area Entry Level, Walk In Closets
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
2001
Stories
7
Lot size
0 sq ft
Architectural style
Penthouse
Construction
Block
Exterior features
Balcony
Pool
Association, Community
Spa
Community
View
Other, Water

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, Attached, Garage, Guest, One Space

HOA, Community & Financials

Association fee
$895 Monthly
Fee inclusions
Common Area Maintenance, Pools, Sewer, Trash, Water
Amenities
Billiard Room, Business Center, Cabana, Clubhouse, Controlled Access, Fitness Center, Maintenance, Pool, Spa Hot Tub, Trash
Security
Intercom, Key Card Entry, Phone Entry, Window Bars
Pets allowed
No
Annual tax
$5,557
Subdivision
LAS OLAS BY THE RIVER
County
Broward
Days on market
333
MLS listing ID
F10531214
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

-$968

Cap rate
1.9%
Net yield
1.9%
Cash-on-cash return
-13.4%
Gross yield
8.8%
Mortgage payment
$1,470/mo
Down payment
$77,500
Loan amount
$232,500
Annual NOI
$6,017

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