1115 NW 5TH AV, Fort Lauderdale, Florida
1115 NW 5TH AV, Fort Lauderdale, Florida 33311 - Updated, well maintained, powerful income&upside appreciation. Stable street desired by stable hard working tenants willing to pay rent without hassles. Large 3/2 units with nice common yard. Located in fast appreciating South Middle River area steps from Wilton Manors. Please drive bye,walk around property but do not disturb tenants. Do your own numbers. Check taxes on Broward.org. We self insure & only pay for lawn service and common area repairs estimated at under 2k a year total. Net income about $23,000 after 4k in expenses. Low stress property/tenants in low stress market. Project rents can be increased to about $1,300 and $1,200. Should fence in back yard for rear unit to achieve this. Seller financing possible 50% down-10% yearly interest price and terms are firm.
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Listing Courtesy of Cesar Balbin