520 SW 5th Avenue, Fort Lauderdale, FL 33315

$840,000

Virtual Tour

https://www.propertypanorama.com/Fort-Lauderdale-FL-33315--F10479230/unbranded

Property Type: Residential Income Square Footage: 1,568 Status: Closed

Current Price: $840,000 List Date: 1/07/2025 Last Modified: 7/15/2026

Overview

Description

PRIME TURNKEY INCOME PRODUCING property to add to your portfolio, offering exceptional rental income & future development potential. Located in the desirable Tarpon River neighborhood, just steps from the New River, Las Olas & in the heart of Fort Lauderdale, this property features 2 beautifully remodeled units. Each unit offers 2 bedrooms, 1 bathroom, in-unit laundry, & separate electrical meters. Lower unit includes a private backyard with a hot tub, while the upper unit is fully furnished & actively generating income through Short Term Rentals. Oversized 145' x 50' lot (7,250 sq ft) with RD-15 zoning, this property is ideal for future redevelopment. Recent improvements completed include new roof, water heaters, electrical systems, HVAC systems. NO HOA.

Supplements: Financials provided upon request. Furniture included in upper floor. Amazing tenant in lower unit till May but would like to stay more years.

Listing Details MLS# F10479230

General Property Information

Number Of Units Total: 2
Property Sub Type: Duplex
Living Area Main: 1568
Year Built: 1935
Gated Community YN: No
Lot Size Dimensions: 7250
Stories Total: 2
Pool Private YN: No
LP/Assessed Value: 1.24

Property Features

Association Fee Includes: Trash Documents Available: Copy Of Lease(s); Deposit - Last Months Rent; Other Available Information Flooring: Laminate Property Condition: Resale Construction Materials: Frame; Wood Siding Cooling: Central Air Heating: Central; Separate Meters Listing Terms: Cash; Conventional; Other Possession: Close Of Escrow Roof: Composition; Shingle Sewer: Public Sewer Special Information: Sold As-Is Sprinkler Description: Auto Sprinkler Tax Information: City/County Utilities: Cable Available Water Source: Public Showing Requirements: 24 Hour Notice; Call Listing Agent Unit 1 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit; Window Coverings Unit 1 Parking Features: Open Parking Unit 1 Rooms: Den; Family Room; Kitchen; Separate Dining Unit 2 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit; Window Coverings Unit 2 Parking Features: Open Parking Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 919000
Negotiable Seller Concessions YN: No

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 520
Street Direction Prefix: SW
Street Name: 5th
Street Suffix: Avenue
City Name: Fort Lauderdale
State Or Province: FL
Postal Code: 33315
Postal Code +4: 1022
Postal Zip: 33315
Subdivision Name: Ft Lauderdale B-40 D
Area: 3500
Geographic Area: FTSW - Ft Lauderdale SW (3470-3500;3570-3590)
Parcel Number: 504210014810
Zoning: RD-15
Directions: Use GPSBroward Blvd to Ave of the Arts (SW 4th Ave) South to SW 6th St, Go west and take first right onto 5th Ave. Property is 3/4 down on right side.

Financial Information

Tax Annual Amount: 14892
Tax Year: 2024
Tax Assessed/SOH Value: 726330
Tax Legal Description: FT LAUDERDALE B-40 D LOT 6 BLK 48
Assessor Market Value: 726330

Status Change Information

Major Change Timestamp: 2026-07-15T13:02:38Z
Major Change Type: Status Change
Price Change Timestamp: 2025-04-09T19:49:45Z
Status Change Date: 2026-07-15
Under Contract Date: 2025-09-22
Close Date: 2025-11-03
Close Price: 840000
Buyer Financing: Other

More Information

Co-Ownership

Property Management YN: No

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Gross Scheduled Income: 85000

Unit 1 Details

Actual Rent: 2950
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 900

Unit 1 Lease Description

Currently Leased YN: Yes

Unit 2 Details

Actual Rent: 3300
Baths Full: Yes
Efficiency YN: No
Furnished: Furnished
Hotel Room YN: No
SqFt: 668

Unit 2 Lease Description

Lease Term: Month To Month

Price Calculations

Current Price To SqFt: 573.28

Section Details

Parcel Number MLX: 4810

Originating Details

Originating System Key: 592056619
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: FLL

Association Fee Includes

Sewer: Yes
Trash: Yes

Flooring

Laminate: Yes

Property Condition

Resale: Yes

Special Information

Sold As-Is: Yes

Documents Available

Copy Of Lease(s): Yes
Deposit - Last Months Rent: Yes
Other Available Information: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Heating

Central: Yes
Separate Meters: Yes

Sprinkler Description

Auto Sprinkler: Yes

Construction Materials

Frame: Yes
Wood Siding: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Other: Yes

Roof

Composition: Yes
Shingle: Yes

Water Source

Public: Yes

Cooling

Central Air: Yes

Showing Requirements

24 Hour Notice: Yes
Call Listing Agent: Yes

Tax Information

City/County: Yes

Unit 1 Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Window Coverings: Yes

Unit 1 Parking Features

Open Parking: Yes

Unit 1 Rooms

Den: Yes
Family Room: Yes
Kitchen: Yes
Separate Dining: Yes

Unit 2 Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Window Coverings: Yes

Unit 2 Parking Features

Open Parking: Yes

Unit 2 Patio/Porch

Patio/Porch: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes

Listing Office: Gilvan Realty Corp.

Last Updated: July - 15 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

520 SW 5th Avenue, Fort Lauderdale, FL 33315 (MLS# F10479230)