1350 NE 5th Ter 1-28
1-28, 1350, 5th Ter, Fort Lauderdale, FL, 33304Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Bathrooms: 0
- Lot size: 35087, 35087 sq ft
- Year built: 1972
- County: Broward
- Lease Term: ThirtySixMonths
- MLS ID: A11927736
Description
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Description:
34-49-42 THE S1/2 OF THE FOL,BEG NE COR OF SE1/4,SLY 150 TO POB,WLY 275.64,SLY 128.20,ELY 274.66, NLY 127.44 TO POB 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.
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Building Details
- Structure Type: Apartment
- Water Source: Public
- Sewer: PublicSewer
- Covered Spaces: 0
Amenities & Features
- Window Features: ImpactGlass
- Cooling: CentralAir
- Heating: Central
Expenses, Fees & Taxes
- Tax Annual Amount: $51,982
- Tax Year: 2024
Miscellaneous
- List Office Name: Fausto Commercial Realty Consultants Inc
- Listing Terms: Cash,Conventional,Other
Ask our real estate expert about this property
This Multifamily-type commercial real estate is located in 1-28, 1350, 5th Ter, Fort Lauderdale, FL, 33304 was built in 1972, and is listed at $6,500,000.