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About This Property
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.
Property Features
County
Broward County
Section
34
Area
20622
Subdivision
Interior
Cooling
Bedrooms
Floors
Full Baths
Appliances
Heating
Central Individual A/C
Style
Garage Spaces
Construction/Exterior
Patio / Deck Description
Exterior
Has a Pool
Possession
Lot Size in Acres
Water
Public
Sewer
Public Sanitation
Lot Size in Sq. Ft.
35087
Has Waterfront
No
Parking Description
View
Has Garage
No
Roof/Attic
Senior Community
No
Other Utilities
Property Type
Commercial Sale
Pets
Property SubType 2
Income/MultiFamily
Tax Year
2024
Year Built
1972
Tax Amount
$51982
APN
NA
Square Feet Source
NA
Map
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