1 / 161106 NE 5th ave, Fort Lauderdale FL 33304
Fort Lauderdale, FL
List Price
$1,199,999
Type
Fourplex
Price / SqFt
$320/sqft
Price reduction
15.8% below original list — was $1,425,000
From the listing
If you're looking for a fantastic investment opportunity in a prime location, this property is for you! Presenting a well-maintained building with 5 legal units located in the sought-after Lake Ridge area of Fort Lauderdale. Rental Income:3 one-bedroom units rented at $1,800/m, 2 two-bedroom units rented at $2,400/m. All units currently leased on one-year leases. Recently replaced Roof in 2020. 40-Year Certification Passed and up-to-date. 6 electric meters and 1 water meter. Coin-operated washer and dryer. Each apartment has designated private parking. Perfectly situated just minutes away from Las Olas Blvd, Victoria Park, and Flagler Village. Proximity to numerous shopping, dining, and entertainment options, making it attractive to potential tenants.
Property Information
- Square Feet
- 3,754
- Units
- 5
- Days on Market
- 316
- Status
- active
Location
- County
- Broward County
- Zip Code
- 33304
- Coordinates
- 26.1391, -80.1392
Represented by Academia
Academia Real Estate Corp can represent you on this property. Use the inquiry form to have a licensed broker reach out with full details and next steps.
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Why this deal
- 15.8% off original list price
- Multifamily with 5 units
- Represented end-to-end by Academia
- Active listing — move quickly
Deal Score
65/100
Strong
is scored →
No comp-based ARV yet for this listing — equity scored neutral.
15.8% off original list (full marks at 25%+).
316 days on market (full marks at 120+ — more time = more leverage).
Soft motivation language (value-add, motivated, tenant-occupied, cash-only).
A screen of the public MLS data we have — not an appraisal, valuation, or investment advice. Factors marked “assumed” were missing from the feed and scored neutral.
Deal scorecard
How four stakeholders read this deal
Risks
- Equity not yet estimated — no comps available for ARV
- Flood zone AE — mandatory flood insurance required (NFIP or private); adds to carrying cost
- Permit history limited outside Fort Lauderdale in Broward — verify open permits with the AHJ
What a super-investor sees
Investor
Investor equity estimate based on ARV from closed MLS comps minus list price and estima…
- Equity not yet estimated — no comps available for ARV
What a bank sees
Lender / financing
Lender financeability estimate based on list price, ARV, and condition signals. Not a f…
What an insurer sees
Insurance / 4-point
insurability v1. Broward is entirely within the HVHZ (High-Velocity Hurricane Zone) — r…
- Flood zone AE — mandatory flood insurance required (NFIP or private); adds to carrying cost
What a GC / AHJ sees
Permits / condition
Permit data from Broward permit records (Fort Lauderdale coverage; other cities limited…
- Permit history limited outside Fort Lauderdale in Broward — verify open permits with the AHJ
4-point — last permit
- Roofnone
- Electricalnone
- Plumbingnone
- HVACnone
Estimates from public data — not an appraisal, insurance quote, or financing commitment. Insurability as of 2026-07-24. Verify with licensed professionals.
Deal calculator
Value-add deal calculator
1106 NE 5th ave, Fort Lauderdale FL 33304, Fort Lauderdale, FL
No closed comps matched yet — ARV below is a starting estimate. Verify.
Recommended max offer
$710,499
Room vs list (above list)
$489,500
Est. equity
-$279,975
-23% of ARV, at list
ROC at list
-19%
Est. all-in at list
$1,479,974
list + rehab + txn + carry
70% rule MAO
$710,499
Estimates only — not investment advice or an offer. ARV is drawn from recent closed comps; rehab from a rate-card range. Verify ARV, rehab, and all costs with a licensed professional before acting.