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 c

1350 NORTH EAST 5TH TER #1-28, Fort Lauderdale

$6,500,000 USD
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Address1350 NORTH EAST 5TH TER #1-28, Fort Lauderdale
Type of PropertyIncome / MultiFamily
Type of BusinessApartments
Price$6,500,000
Property StatusPending
MLS NumberA11927736
Property Size35087
Lot Size35087
Year Built1972
Folio Number494234000321
Zoning InformationRM-15
Days on Market1

Detailed 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.

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Address Information
StateFlorida
CityFort Lauderdale
CountyBroward County
Zip Code33304
Address1350 NORTH EAST 5TH TER
Section34
Zip Code (4 Digits)1151
Financial Information
Price$6,500,000
Price per Foot$0
Folio Number494234000321
Tax Amount$51,982
Tax Year2024
Type of ContingenciesNo Contingencies
Full Descriptions
Detailed DescriptionA 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.
Heating DescriptionCentral Individual A / C
Water DescriptionPublic
Sewer DescriptionPublic Sanitation
Property parameters
Living Area35087
Lot Size35087
Total Acreage0.000
Zoning InformationRM-15
Maximum Leasable Size35087
Year Built1972
Type of PropertyIncome / MultiFamily
Type of BusinessApartments
Street DirectionNorth East
Listed withFausto Commercial Realty Consultants Inc