1325/1329/1333 NE 5th Ter 1 Fort Lauderdale, FL 33334

Building Details

Year Built

1948

Listing Agency r***@compass.com Show Phone

Listed by Richard N Salter Show Phone

Source Elliman

Added: May 16 Checked: Jul 17 at 5:23 am

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Investment Insights

Based on property information with market context.

The Hemingway at Middle River Terrace is an apartment building containing eleven units. The property is located in east Fort Lauderdale. The complex is fully occupied and consists of three separate buildings situated on a lot of just under 0.5 acres. The unit mix includes nine one-bedroom, one-bathroom units, one two-bedroom, one-bathroom unit, and one two-bedroom, two-bathroom unit. All three buildings feature new roofs, and impact windows and doors are installed throughout. The property is fully fenced and gated. Some units have been fully renovated, and most have been updated within the last five years. The units currently have individual deeds and can be sold off individually as condominiums. The location provides access to downtown, the airport, port, and highways. 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.

Key Highlights

• Fully occupied 11‑unit apartment building in east Fort Lauderdale.
• Potential for individual sale as condominiums due to individual deeds.
• New roofs on all 3 buildings and impact windows/doors throughout.

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FAQs

What type of property is this?

Apartment building - Eleven-unit apartment building in east Fort Lauderdale, fully occupied.

Where is this apartment building located?

The property is located at 1325/1329/1333 NE 5th Ter 1 Fort Lauderdale, FL.

What is the asking price?

The asking price for this property is $2,295,000.

What are key features of this property?

This property features: Fully occupied 11‑unit apartment building in east Fort Lauderdale.; Potential for individual sale as condominiums due to individual deeds.; **New roofs on all 3 buildings and impact windows/doors throughout.**