2633 Middle River Drive, Fort Lauderdale, FL
MULTI_FAMILY - Fort Lauderdale, FL
- Added:
- Apr 2, 2026
- Days on Market:
- 82
- Last Refresh:
- Jun 22 at 10:06 am
Property Features for 2633 Middle River Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RMM-25
- Parking
- 10
- Parking features
- Assigned
- Fencing
- Fenced
- Standard status
- Active
- APN
- 494225045280
- Size
- 4,854 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CORAL RIDGE GALT ADD NO 1 31-37 B LOT 19 BLK 66
- Tax Annual Amount
- 23753
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s), Central Air, Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1957
- Floors in Building
- 2
- Number of units
- 6
- Flooring type
- Tile
- Building materials
- CBS
- Roof type
- Concrete
Listing agent Hector Vidaurre License #654358 (954) 253-1943
Listing office RE/MAX Select Group 10175 W Sunrise Blvd, Parkland, FL (954) 368-8000
Listing date Apr 2, 2026
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 6‑unit multifamily property with four 1‑bedroom/1‑bath units (two exceptionally large) and two studio units
- Currently generating $128,542 in gross income
- Four units updated and remaining two units in very clean condition
- Full impact glass and construction materials include CBS
- Central air plus window/wall unit cooling; tile flooring
- Public water and public sewer; cable available; assigned parking and fenced property
Overview
The property is located in Fort Lauderdale and is described as approximately 2.5 miles from the beach. It is also noted as being east of Federal in the Coral Ridge area, providing context for tenants seeking a well-established local rental environment.
From a tenant and operator standpoint, the configuration supports a straightforward leasing mix with both studios and larger 1-bedroom apartments. Public remarks also state the property is currently generating $128,542 in gross income, with rents characterized as below-market and four units described as updated. With long-term tenants referenced in the remarks, this may appeal to buyers looking for a small, manageable income property with a mix of unit types and practical upgrades already reflected in a portion of the building.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.8k | $28.80 |
| − Vacancy | −$7.3k | −$1.50 |
| EGI | $132.5k | $27.30 |
| − OpEx | −$59.6k | −$12.29 |
| NOI | $72.9k | $15.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.115382
- Latitude
- 26.161253
