
$6,500,000 USD
Commercial for Sale, 1350 NE 5th Ter 1-28, Fort Lauderdale, Florida 33304
- MLS#A11927736
Listed By Fausto Commercial Realty Consultants Inc
The Commercial Property for Sale located at 1350 NE 5th Ter 1-28, Fort Lauderdale, Florida 33304 is currently for sale. 1350 NE 5th Ter 1-28, Fort Lauderdale, Florida 33304 is listed for $6,500,000.
Property features
Lot/Land
- Land/Lot size:
3,260 m² (35,087 ft²)
Construction
- Year built: 1972
Utilities
- Other utilities: Public
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.
Location
1350 NE 5th Ter 1-28, Fort Lauderdale, Florida 33304