Listed by RE/MAX Select Group
$1,549,000
Middle River Apts
Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 4,854
Units 6
Cap Rate 5.4%
NOI $83,672
Occupancy 100%
Broker Co-Op Yes
Year Built 1958
Buildings 1
Stories 2
Zoning Multi Family-10units
Parking Spaces 12 per unit
Ground Lease No
Multifamily | 6 Units | $258,167/unit
Marketing description
Excellent location just 2.5 miles from the beach and east of Federal, Coral Ridge area! This well-maintained 6-unit multifamily property with full impact glass features four spacious 1-bedroom/1-bath apartments—two of which are exceptionally large—and two studio units. Currently generating $122,892 in gross income with below-market rents, offering strong upside potential. Property boasts stable, long-term tenants, with four units tastefully updated and the remaining two in very clean condition. A fantastic investment opportunity in one of Fort Lauderdale's hottest rental areas—don't miss it! Get it now! Please do not disturb Tenants.
Listing Contacts
Listed by RE/MAX Select Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$83,672.00
$6,972.67/mo
Valuation Metrics
0
DSCR
5.4%
Cap Rate
5.4%
ROI
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