1325/1329/1333 NE 5th Terrace, #1, Fort Lauderdale, FL 33359

$2,295,000
Active for Sale
 
Listing ID 11775666
Property Type Commercial
County Broward
Unit 1
Total Tax $38,800
Tax ID 494234ea0010
FEMA Flood Map fema.gov/portal
Year Built 1948
Virtual Tour
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
  • 0.46 Acres
  • Built in 1948
  • 1 Story
  • Unit 1
  • 11 Units
  • Tenant Occupancy
  • Slab Basement
Interior Features
  • Ceramic Tile Flooring
  • Hardwood Flooring
  • Laminate Flooring
  • Central A/C
Exterior Features
  • Masonry - Stucco Construction
  • Community Water
  • Community Septic
Income/Expenses
  • Gross Income $206,400
  • Net Income $115,000
  • Maintainence Exp $6,000
  • Insurance Exp $28,000
Taxes and Fees
  • $38,800 Total Tax
  • Tax Year 2025
Listed By
Compass Florida, LLC
Office: 954-477-7332
Mobile: 954-812-4801
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