520 SE 5th Ave 2303, Fort Lauderdale, FL 33301 — MLS photo

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520 SE 5th Ave 2303, Fort Lauderdale, FL 33301

Active · Condominium

$450,000

520 SE 5th Ave 2303, Fort Lauderdale, FL 33301

Beds
3
Baths
2
Living area
1,447 sq ft
$ / sq ft
$311/sq ft
Year built
2006
Lot size
—
HOA fee
$1,491
Annual tax
—

About this property

NEW Price Adjustment! Opportunity knocks—previous buyer’s contract fell through due to a home sale contingency. Now is your chance to secure this high-performing asset in the heart of Downtown Fort Lauderdale! With immediate leasing allowed (minimum 6 months), this massive 3-bedroom, 2-bath residence with a versatile den is an investor's dream. This turnkey, tenant-ready unit boasts two coveted, assigned parking spots (a premium feature that dramatically increases rental value) and is situated in a high-demand, walkable rental market steps from Riverwalk, the Water Taxi, and Las Olas. Protect your bottom line: the building has just completed major capital improvements (new roof and modernized elevators), and the seller has already paid the special assessment in full. Tenants will love the updated gym, resort-style pool, and unrivaled downtown lifestyle. Seamless cash flow meets long-term appreciation in Broward’s premier location. Schedule your tour today!

Property location

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520 SE 5th Ave 2303, Fort Lauderdale, FL 33301

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Facts & features

Interior

Bedrooms
3
Bathrooms
2
Living area
1,447 sq ft

Exterior & Structure

Property type
Condominium
Year built
2006

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$1,491
County
Broward
MLS listing ID
A11928276
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

-$1,141

Cap rate
2.6%
Net yield
2.6%
Cash-on-cash return
-10.9%
Gross yield
10.2%
Mortgage payment
$2,133/mo
Down payment
$112,500
Loan amount
$337,500
Annual NOI
$11,902

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