520 SE 5th Avenue

Fort Lauderdale, FL 33301

$315,000

$401/ft²

1Beds

1Baths

786Sq ft

2001Year built

CondoType

About this home

THREE UNIT CONDO PORTFOLIO LAS OLAS BY THE RIVER RARE OPPORTUNITY IN FORT LAUDERDALE'S MOST DEPENDABLE RENTAL DISTRICT UNLOCK A HIGH-PREFORMING, LOW MAINTENANCE INVESTMENT IN THE HEART OF DOWNTOWN FORT LAUDERDALE. THIS THREE CONDO PACKAGE AT LAS OLAS BY THE RIVER DELIVERS THREE STABILIZED UNITS-ALL LEASED ALL PRODUCING INCOME FROM DAY ONE PREMIUM 33301 LOCATION, STEPS TO RIVERWALK COURTHOUSE AND BUSINESS DISTRICT.STRONG RENTAL VELOCITY PROFESSIONALS, EXECUTIVES, AND LONG-TERM TENANTS DOMINATE THE BUILDING. AMENITY RICH COMMUNITY-RESORT POOL, FITNESS CENTER, SECURE GARAGE PARKING. 2001 CONSTRUCTION OPERATIONAL EFFICIENCY, THREE UNITS IN ONE COMMUNITY=STREAMLINED. LAS OLAS BY THE RIVER SITS IN THE MOST WALKABLE LIFESTYLE, STEPS AWAY FROM WATERFRONT RECREATION, NIGHTLIFE. TENANTS PAY A PREMIUM TO LIVE HERE---EVERYTHING IS AT THEIR DOORSTEP. THIS IS THE SUBMARKET WHERE RENTS RISE FIRST AND FALL LAST.

Features

Private pool

Property details

Listing

MLS #: F10503565
Status: For sale
Listed on: May 13, 2025
Days on market: 453 days
Listing data updated: Jul 10, 2026

Interior

Beds: 1
Baths: 1
Living area: 786 ft²
Price per ft²: $401/ft²
Unit: 3404

Building & community

Type: Condo
Year built: 2001
HOA fee: $895/mo
County: Broward

Lot & exterior

Private pool: Yes

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $1,593
Property taxes (est.): $289
Home insurance (est.): $317
Flood insurance (est.): —
HOA fee: $895

Estimated total$3,094*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?

Building structural health (SIRS)

No filing record found

We couldn't find a SIRS filing record for this building in Florida's public DBPR database. That is not a red flag by itself: buildings under three stories are exempt, recent or mailed-in filings may not appear yet, and the name or address on file may differ from this listing.

Questions about this

What is a SIRS and why does it matter?

Since the Surfside collapse, Florida requires condo and co-op buildings three stories or taller to complete a Structural Integrity Reserve Study: an inspection-based plan that forces the association to fund structural repairs (roof, load-bearing walls, plumbing, electrical) instead of deferring them. It matters because underfunded buildings are the ones that surprise owners with large special assessments.

Has this building filed its SIRS?

We didn't find a filing record for this building in the DBPR's public database. Absence of a record does not mean the building is out of compliance — it may be exempt (under three stories), the filing may be recent or on paper, or the recorded name/address may differ. It IS the right question to ask before offering.

What is a special assessment?

A one-off charge the association levies on every owner when reserves don't cover a needed repair — in older coastal buildings they have ranged from a few thousand to over $100,000 per unit. The SIRS exists precisely to make these predictable and funded in advance. Always review the building's budget, reserves and meeting minutes before buying.

What should I check before buying in this building?

Florida law gives buyers the right to review the association's SIRS, milestone inspection reports, budget and reserves — the full study is available from the association by written request. Nilyan requests and walks through these documents with her buyers as part of the offer process.

Source: Florida DBPR public SIRS reporting database. Filing status is self-reported by the association; this is not an audit, inspection or safety certification, and absence of a record does not mean non-compliance. Data as of July 30, 2026.

Want the full structural picture of this building before you offer?