1350 Ne 5th Ter #1-28 Photo 1
Sold

1350 Ne 5th Ter #1-28

Fort Lauderdale, FL 33304

$6,300,000
  • 0.81 Acre

1350 Ne 5th Ter #1-28
Fort Lauderdale, FL 33304

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3380 / Fort Lauderdale / FL

Multi Family HIGHLIGHTS

  • Listing Status

    Sold

  • Property Type

    Commercial Sale, Multi Family

  • Year Built

    1972

  • Cooling

    Yes - Central Air

  • Heating

    Yes - Central

  • RE Tax

    $51,982

Listing courtesy of Elior Levi of Fausto Commercial Realty Consultants Inc.

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.

  • Acres

    0.81 Acres

  • Area

    Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)

  • Listing Status

    Sold

  • Lot Size

    35,087 Sqft

  • MLS #

    A11927736

  • Neighborhood

    Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)

  • Property Type

    Multi Family

  • Year Built

    1972

  • Building Area Total

    20622

  • Total Number of Units

    28

  • Year Built

    1972

  • Zoning Description

    RM-15

  • Annual Taxes

    $51,982

  • Cooling

    Yes - Central Air

  • Heating

    Yes - Central

  • Sewer

    Public Sewer

  • Water Source

    Public

in US Dollars

%

Total/Month

  • Principal & Interest
  • Property Taxes (monthly) $4,332

 *The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.

1350 Ne 5th Ter #1-28

Location

Nearby Points of Interest

  • Krispy Krunchy Chicken

    Restaurants, Chain

  • Ami Fifty Three LLC

    Car Fueling Stations, Independent

  • Newfound Gap Inc

    Clothing, Independent

  • Exxon

    Car Fueling Stations, Chain

  • Landa-Colon, Yanetsi, MD

    Health Care, Independent

Data courtesy of LocalLogic.co

Fort Lauderdale
Neighborhood

Fort Lauderdale

Fort Lauderdale, Florida, is a dynamic coastal city known for its miles of waterways, sandy beaches, and lively cultural scene. Its downtown features a growing arts district, museums, galleries, and the popular Riverwalk along the...

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1350 Ne 5th Ter #1-28

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Information deemed reliable but not guaranteed. Information is provided, in part, by Greater
Miami MLS. This information being provided is for consumer's personal, non-commercial use and may
not be used for any other purpose other than to identify prospective properties consumers may be
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This information being provided is for consumer's personal, non-commercial use and may not be
used for any other purpose other than to identify prospective properties consumers may be interested
in purchasing.