520 SE 5th Ave 2307, Fort Lauderdale, FL 33301

Condominium · Active

$239,000

520 SE 5th Ave 2307, Fort Lauderdale, FL 33301 — MLS photo

Miami Foreclosures & Bank-Owned Properties

520 SE 5th Ave 2307, Fort Lauderdale, FL 33301

Bedrooms
1
Bathrooms
1
Interior
816 sq ft
Price / sq ft
$293/sq ft
Built
2001
Lot
—

The residence

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.

Property location

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520 SE 5th Ave 2307, Fort Lauderdale, FL 33301

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
816 sq ft
Flooring
Laminate
Appliances
Dishwasher
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Elevator

Exterior & Structure

Property type
Condominium
Year built
2001
Stories
7
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Barbecue
Waterfront
No Fixed Bridges
View
Garden

Parking

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

HOA, Community & Financials

Association fee
$938 Monthly
Fee inclusions
Common Areas, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Pools, Recreation Facilities, Roof, Security, Trash
Amenities
Billiard Room, Business Center, Cabana, Trails, Elevators
Security
Complex Fenced, Door Man, Security Guard
Pets allowed
Conditional, Cats Ok, Dogs Ok, Number Limit, Yes
Annual tax
$5,755
Subdivision
LAS OLAS BY THE RIVER CON
County
Broward
Days on market
135
MLS listing ID
A12035945
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

-$777

Cap rate
1.8%
Net yield
1.8%
Cash-on-cash return
-13.9%
Gross yield
10.7%
Mortgage payment
$1,133/mo
Down payment
$59,750
Loan amount
$179,250
Annual NOI
$4,277

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

Get More Info About This Property

520 SE 5th Ave 2307, Fort Lauderdale, FL 33301