1325/1329/1333 NE 5th Terrace # 1, Fort Lauderdale FL 33304

About This Property

The Hemingway at Middle River Terrace is an 11 unit apartment building. It is fully occupied and located in east Fort Lauderdale within an easy commute of everything the city has to offer. It consists of 3 separate buildings on a large lot of just under 1/2 an acre. There are 9 1/1s, one 2/1 and one 2/2 units. There is some development in the area of new construction residential units with more slated in the future. The neighborhood is in demand due to the affordable rents and proximity to downtown, the airport, port and highways. Some units are fully renovated and most have had updates within the last 5 years. All 3 buildings have a new roof and there is impact windows and doors throughout. The property is fully fenced and gated The units currently have individual deeds and can be sold off individually as condominiums.

Property Details

Property Type

Multi Family

Status

Active

MLS #

B26028545

Building Area

6,458 SF

Leasable Area

6,458 SF

Lot Size

20,250 SF

Year Built

1948

Zoning

RM-15

Units

11

Net Operating Income

$115,000

Days on Market

60

Price

$2,295,000