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Investment Highlights
- New Roofs - 1014 was replaced in 2024 and 1019 will be replaced in July - August 2026
- Six-Unit Apartment Buildings Constructed in 1965-1967 just north of Sunrise Boulevard
- Easy acess to Sunrise Boulevard, Andrews Avenue, Federal Highway, Interstate 95
- Value Add Opportunity by raising Rents to Market Levers and Activating Laundry Rooms
- (10) One-Bedroom Units averaging ~575sf and (2) Two-Bedroom Units averaging ~750sf
Executive Summary
1014 & 1019 Northwest 5th Avenue were constructed between 1965 & 1967 and comprise (two) single-story concrete block buildings with painted stucco exteriors and shingle roofs. The property offers approximately 7,519 square feet of total building area and sits on a 20,259-square-foot lot (0.47 acres), according to the Broward County Property Appraiser. The unit mix includes (10) one-bedroom/one-bathroom units and (2) two-bedroom/two-bathroom units. The property features on-site laundry, wall air conditioning units and paved asphalt parking. The property is zoned RD-15.
1014 & 1019 Northwest 5th Avenue are located in Fort Lauderdale, Florida, offering residents convenient access to Sunrise Boulevard, Federal Highway (US-1), and Interstate 95. The surrounding 3-mile area reports an average household income of $100,332 and population growth of 8.54 percent since 2010. Residents are within walking distance to Dunkin’, Aldi, Wawa, and Progresso Village, with a short drive to Downtown Fort Lauderdale, beaches, the Broward County Convention Center, Port Everglades, and Fort Lauderdale-Hollywood International Airport.
Surrounding area retailers and points of interest include Dunkin’ (0.2 miles), Aldi & Wawa (0.3 miles), Walgreens Pharmacy (0.3 miles), Tesla (0.4 miles), Home Depot (0.6 miles), Amped Fitness (1.0 miles), Holiday Park (1.4 miles) and The Fresh Market (1.6 miles). Additionally, just a short drive from the property are Publix Super Market at Sunrise Boulevard (1.8 miles), Bank of America (1.8 miles), Truist Bank (1.9 miles), The Galleria (2.6 miles), Port Everglades (5.5 miles), and Fort Lauderdale-Hollywood International Airport (5.6 miles).
Nearby educational facilities include North Side Elementary School (0.4 miles), Fort Lauderdale High School (1.3 miles), Sunrise Middle School (1.9 miles), and Dillard 6-12 (2.1 miles).
1014 & 1019 Northwest 5th Avenue are located in Fort Lauderdale, Florida, offering residents convenient access to Sunrise Boulevard, Federal Highway (US-1), and Interstate 95. The surrounding 3-mile area reports an average household income of $100,332 and population growth of 8.54 percent since 2010. Residents are within walking distance to Dunkin’, Aldi, Wawa, and Progresso Village, with a short drive to Downtown Fort Lauderdale, beaches, the Broward County Convention Center, Port Everglades, and Fort Lauderdale-Hollywood International Airport.
Surrounding area retailers and points of interest include Dunkin’ (0.2 miles), Aldi & Wawa (0.3 miles), Walgreens Pharmacy (0.3 miles), Tesla (0.4 miles), Home Depot (0.6 miles), Amped Fitness (1.0 miles), Holiday Park (1.4 miles) and The Fresh Market (1.6 miles). Additionally, just a short drive from the property are Publix Super Market at Sunrise Boulevard (1.8 miles), Bank of America (1.8 miles), Truist Bank (1.9 miles), The Galleria (2.6 miles), Port Everglades (5.5 miles), and Fort Lauderdale-Hollywood International Airport (5.6 miles).
Nearby educational facilities include North Side Elementary School (0.4 miles), Fort Lauderdale High School (1.3 miles), Sunrise Middle School (1.9 miles), and Dillard 6-12 (2.1 miles).
Property Facts
| Price | $2,807,532 CAD | Status | Active |
| Price / SF | $373.39 CAD / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 5.63% | Total Building Size | 7,519 SF |
| Sale Type | Investment | Total Land Area | 0.47 AC |
| Price | $2,807,532 CAD |
| Price / SF | $373.39 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 5.63% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,519 SF |
| Total Land Area | 0.47 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1014 NW 5th Ave, Fort Lauderdale, FL 33311 | Multifamily | 3,894 SF | 1965 | - |
| 1019 NW 5th Ave, Fort Lauderdale, FL 33311 | Multifamily | 3,625 SF | 1967 | - |
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