1350 Ne 5th Ter Unit #1-28, Fort Lauderdale, FL 33304
- $6,300,000
- Sold Price
- $6,300,000
- List Price
- $6,500,000
- Closing Date
- May 06, 2026
- MLS#
- A11927736
- Status
- CLOSED
- Type
- Commercial
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.
Additional Information
- Days on Market
- 108
- Tax Amount
- $51,982
- Parcel Number
- 494234000321
- Lot Size
- 35,087
- Address
- 1350 Ne 5th Ter Unit #1-28, Fort Lauderdale
- Year Built
- 1972
- Section
- 34
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Listing Courtesy of Fausto Commercial Realty Consultants Inc, Contact:
Selling Office: Keller Williams Realty Profess.