Angel Apartments | 1106 NE 5th Ave
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Angel Apartments 1106 NE 5th Ave
5 Unit Block of Flats £1,114,991 (£222,998/Unit) 6.63% Net Initial Yield Fort Lauderdale, FL 33304
Investment Highlights
- Median Household Income, within a 3 miles radius $67,334
- 17 Minute drive to Fort Lauderdale-Hollywood International Airport
- Traffic Volume at E Sunrise Blvd and NE 5th Ave 45,755
- Building amenities consist of AC, Kitchen, and Family Room.
Executive Summary
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. and $2080/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.
2 apartments are fully renovated from A-Z.
2 apartment have NEW AC.
2 apartments are fully renovated from A-Z.
2 apartment have NEW AC.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,114,991 | Building Class | C |
| Price Per Unit | £222,998 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 3,754 SF |
| Net Initial Yield | 6.63% | Average Occupancy | 100% |
| No. Units | 5 | Number of Floors | 1 |
| Property Type | Residential | Year Built/Renovated | 1980/2023 |
| Property Subtype | Apartment | Parking Ratio | 2.13/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price | £1,114,991 |
| Price Per Unit | £222,998 |
| Sale Type | Investment |
| Net Initial Yield | 6.63% |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,754 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built/Renovated | 1980/2023 |
| Parking Ratio | 2.13/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Kitchen
- Family Room
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 3 | £1,408 | 700 |
| 2+1 | 2 | £1,878 | 1,200 |
Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 49-42-34-04-0910 | Total Assessment | £535,978 (2024) |
| Land Assessment | £47,542 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £488,437 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
49-42-34-04-0910
Land Assessment
£47,542 (2024)
Improvements Assessment
£488,437 (2024)
Total Assessment
£535,978 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2022
zoning
| Zoning Code | RMM-25 (RMM-25 Residential Mid Rise Multifamily.District Categories,Residential, Mixed Use Development, Public Purpose,Child Day Care Facilities, Nursing Home) |
| RMM-25 (RMM-25 Residential Mid Rise Multifamily.District Categories,Residential, Mixed Use Development, Public Purpose,Child Day Care Facilities, Nursing Home) |
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Angel Apartments | 1106 NE 5th Ave
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