PROGRESSO
1507 NE 5th Avenue, Fort Lauderdale FL 33304
2,825 ft²
2,825
Sq. Ft.
1967
Year Built
1
Stories
265
Days on Market
Description
CASH FLOW FOR SALE! Just outside Wilton Manors Four-plex in East Fort Lauderdale. Professionally Managed property w/stable long-term tenants. This has been a cash cow for the owner for years. Separate Electric Meters for each Unit- Insurance, water/sewer/trash, Laundry Room Electric & RE taxes=$22,000. Unit #1 $1800/mo. Lease ends 11/14/26|Unit #2 $1700/mo. Lease ends 1/31/26|Unit #3 $1600/mo. Lease ends 2/30/26|Unit #4 $1700/mo. Lease ends 2/28/26- Coin-op laundry on Site brings in Approx.. $150/month, Property total monthly cash flow =$6,950.00 or $83,400 per year. Please Do not walk the property–tenants are unaware for sale. *Showings ONLY available after an ACCEPTED OFFER* This is a strong income producing asset in high-demand rental market. Ideal for investors seeking steady returns.
Facts
- MLS#
- F10489456
- Subdivision
- PROGRESSO
- Property Type
- Residential Income
- Property Sub Type
- Quadruplex
- Year Built
- 1967
- Lot Size
- 0 sqft
- Sq. Ft.
- 2,825 ft²
- Sq. Mt.
- 262 m²
- Price per sq. ft.
- $319/ft²
- Price per sq. mt.
- $3,435/m²
- Stories
- 1
- Garage
- —
- Pool
- —
- Days on Market
- 265 days
- Listed
- Feb 27, 2025
- Last Updated
- Aug 12, 2026
- Price/Lot Sq.Ft.
- —
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Market insights for Fort Lauderdale
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
September 2026
45
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 8/12/2026 | Sold | $899,999 |
| 10/24/2025 | Price change | $899,999-5.3% |
| 2/27/2025 | Listed for sale | $949,998 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
Estimated Monthly Payment
$5,690/mo
Principal & Interest
$4,790
Property Tax
$750
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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