FORT LAUDERDALE 4-UNIT SUBTO | 8.9% ENTRY | $6,900/MO CURRENT RENTS | TENANT OCCUPIED

PROPERTY DETAILS

• Address: 1432 NE 5th Ave, Fort Lauderdale, FL 33304
• Property Type: Quadruplex / Residential Income
• Units: 4
• Living Area: 2,317 sqft
• Year Built: 1965
• Zoning: RM-15
• HOA: No HOA
• Furnished: No
• Pool: No
• Occupancy: All 4 units tenant occupied
• Parking: 5 spaces

Current MLS records confirm the property as a four-unit residential-income property. The current unit mix is two 1/1 units and two studio units.

PRICING

• Entry Fee: $96,000 + CC + TC
• Purchase Price: $101,000
• 4-Month Reserve: $32,464 - included in the down payment

SUBTO FINANCING

• Mortgage Balance: $981,887
• Interest Rate: 6.25%
• PITI: $8,116 / Month
• Total Monthly Payment: $8,116
• Runway / Balloon: 5 Years

No new bank loan required at closing.

Buyer has a 5-year runway to assume, refinance, or pay off the existing financing.

CURRENT RENT ROLL

• Unit 1: $1,650 / Month
• Unit 2: $1,700 / Month
• Unit 3: $2,000 / Month
• Unit 4: $1,550 / Month
• Total Current Rent: $6,900 / Month
• Annual Gross Rent: $82,800

Buyer begins collecting rents at closing. Current MLS data confirms all four units are tenant occupied and the individual rents total $6,900/month.

PROPERTY CONDITION & FEATURES

• Construction: CBS / Concrete Block
• Roof: Barrel Roof
• Flooring: Tile
• Cooling: Central Air + Wall/Window Units
• Heating: Central + Wall/Window
• Water: Municipal/Public
• Sewer: Public Sewer
• Exterior: Fenced with open/wrap-around porch
• Parking: 5 Spaces
• Annual Property Taxes: $8,783 for 2025

The property is a one-story fourplex in the Progresso/Middle River Terrace area.

INVESTMENT HIGHLIGHTS

4 separate rental units in one acquisition.

All units currently tenant occupied.

$6,900/month current rent roll.

$82,800 annual gross rent.

Buyer collects rents from closing.

Only $96,000 entry + CC + TC.

4-month reserve included in the down payment.

No HOA.

No new bank loan required at closing.

5-year runway to assume, refinance, or pay off.

The property is currently publicly marketed at $1,090,000, after previously being offered at $1.125M.

CONTACT

• Mike Graham
• NexKey Collective