520 SE 5th Avenue 2307, Fort Lauderdale, FL 33301

1 bed · 1 bath · 816 sqft · Built 2001

Investor Opportunity – Tenant in Place with Immediate Income!Exceptional opportunity to own in one of Fort Lauderdale's most desirable locations with a tenant already in place on a one-year lease at $2,400 per month, providing immediate rental income. Brand new impact hurricane windows and patio sliders. All new paint and flooring. Located in a highly secure, professionally managed building in the heart of Las Olas, residents enjoy outstanding amenities including a resort-style pool, jacuzzi, fitness center, yoga studio, library, billiards room, vending area, and on-site management—all under one roof.Step outside and enjoy the best of the Fort Lauderdale lifestyle. Stroll or bike along the scenic New River, watch luxury yachts cruise by, or hop on the complimentary Circuit golf carts for a quick ride to Fort Lauderdale Beach, world-famous Las Olas Boulevard, restaurants, boutique shopping, art galleries, and entertainment. Pickleball courts, grocery stores, public transportation, and Fort Lauderdale-Hollywood International Airport are all conveniently nearby.Whether you're looking for a turnkey investment with immediate cash flow or a future residence in an unbeatable location, this property offers the perfect combination of income, convenience, security, and lifestyle.

Property type

Condominium

Condition

Resale

Year built

2001

Stories

7

Subdivision

LAS OLAS BY THE RIVER CON

Waterfront

Yes

Waterfront features

NoFixedBridges,None

Private pool

No

HOA (monthly)

$938

Parcel number

504210BA1240

Annual tax

$5,755

County just value

$277,040

Fort Lauderdale combines the deep-water Intracoastal grid (Las Olas Isles, Harbor Beach, Seven Isles) with downtown high-rises and burgeoning Flagler Village. Dockable waterfront commands the largest premiums in the county.