Active · Condominium
$289,000
520 SE 5th Ave 2307, Fort Lauderdale, FL 33301
- Beds
- 1
- Baths
- 1
- Living area
- 816 sq ft
- $ / sq ft
- $354/sq ft
- Year built
- 2001
- Lot size
- —
- HOA fee
- $938 Monthly
- Annual tax
- $5,755
About this property
Investor Opportunity – Tenant in Place with Immediate Income! Exceptional opportunity to own in one of Fort Lauderdale's most desirable locations with a tenant already in place on a one-year lease at $2,400 per month, providing immediate rental income. Brand new impact hurricane windows and patio sliders. All new paint and flooring. Located in a highly secure, professionally managed building in the heart of Las Olas, residents enjoy outstanding amenities including a resort-style pool, jacuzzi, fitness center, yoga studio, library, billiards room, vending area, and on-site management—all under one roof. Step outside and enjoy the best of the Fort Lauderdale lifestyle. Stroll or bike along the scenic New River, watch luxury yachts cruise by, or hop on the complimentary Circuit golf carts for a quick ride to Fort Lauderdale Beach, world-famous Las Olas Boulevard, restaurants, boutique shopping, art galleries, and entertainment. Pickleball courts, grocery stores, public transportation, and Fort Lauderdale-Hollywood International Airport are all conveniently nearby. Whether you're looking for a turnkey investment with immediate cash flow or a future residence in an unbeatable location, this property offers the perfect combination of income, convenience, security, and lifestyle.
Interior & exterior features
Appliances
- Dishwasher
Cooling
- Central Air
Heating
- Central
Views
- Garden
Waterfront
- No Fixed Bridges
Parking
- Assigned
- Covered
- One Space
Interior features
- Bedroom On Main Level
- Elevator
Exterior features
- Barbecue
Flooring
- Laminate
construction
- CBSConcrete Block Structure
- Block
security
- Complex Fenced
- Door Man
- Security Guard
association_amenities
- Billiard Room
- Business Center
- Cabana
- Trails
- Elevators
association_fee_includes
- Common Areas
- Maintenance Grounds
- Maintenance Structure
- Parking
- Pest Control
- Pools
- Recreation Facilities
- Roof
- Security
- Trash
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
-$919
- Cap rate
- 1.9%
- Net yield
- 1.9%
- Cash-on-cash return
- -13.6%
- Gross yield
- 9.4%
- Mortgage payment
- $1,370/mo
- Down payment
- $72,250
- Loan amount
- $216,750
- Annual NOI
- $5,417
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.