Listed by Compass Florida, LLC
$2,295,000
1325/1329/1333 NE 5th Terrace # 1
Details
APN 494234ea0010
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 6,458
Units 11
NOI $115,000
Year Built 1948
Buildings 3
Acreage 0.460
Zoning RM-15
Parking Spaces 14 spaces
Parking Per SqFt 2.17
Ownership Limited Partnership
Multifamily | 11 Units
Marketing description
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.
Listing Contacts
Listed by Compass Florida, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,000.00
$9,583.33/mo
Valuation Metrics
0
DSCR
5.01%
Cap Rate
5.01%
ROI
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