Property Description
A rare opportunity to acquire a 28-unit property in Fort Lauderdale’s highly sought-after Middle River Terrace, featuring an unbeatable unit mix of all 2BD/1BA apartments—half fully renovated. The property offers brand-new impact windows and doors, a completed 40-year recertification, plenty of parking, and substantial upside, with recent renovations resulting in approximately 10 current vacancies. At full occupancy, the asset delivers nearly an 8% cap rate, making it an exceptional cash-flow opportunity in one of the city’s strongest rental corridors. Ideally located just minutes from Wilton Drive, Downtown, Las Olas, the beach, and FLL Airport, this property offers stability, income growth, and long-term appreciation potential.
Features
- Heating System
- Cooling System
- Sewer
Address Map
- State:
- FL
- County:
- Broward
- City:
- Fort Lauderdale
- Zipcode:
- 33304
- Street:
- 1350 Ne 5th Ter 1-28, Fort Lauderdale, Florida 333
- Longitude:
- W81° 51' 23.8''
- Latitude:
- N26° 7' 20.3''
MLS Addon
- Building Area:
- 20,622 Sqft
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lease Term:
- 36 Months
- Listing Terms:
- Cash, Conventional, Other
- Parcel Number:
- 494234000321
- Structure Type:
- Apartment
- Tax Annual Amount:
- $51,982
- Tax Year:
- 2024
- Virtual Tour:
- Click Here
- Window Features:
- Impact Glass
Commercial Sale For Sale
1350 Ne 5th Ter 1-28, Fort Lauderdale, Florida 333, Fort Lauderdale, Florida 33304
35,087 Sqft
$6,500,000
MLS # #A11927736
Basic Details
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $6,500,000
- Year Built :
- 1972
- Lot Area :
- 35,087 Sqft
- MLS # :
- A11927736
- Property Sub Type :
- Multi Family
