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$ 6,500,000
Est. payment | /mo
20,622 SqFt
$ 6,500,000
Est. payment | /mo
20,622 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 20,622 sqft
Price per Sqft $315
MLS Listing ID A11927736
HOA Y/N No
Year Built 1972
Annual Tax Amount $51,982
Tax Year 2024
Lot Size 0.805 Acres
Property Sub-Type Multi Family
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.
Location
State FL
County Broward
Area 3380
Interior
Heating Central
Cooling Central Air
Window Features Impact Glass
Exterior
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Others
Tax ID 494234000321
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11927736
Listed by Fausto Commercial Realty Consultants Inc