6-Unit Multifamily with Impact
2633 Middle River Drive 1-6 Fort Lauderdale, FL 33306
New
2633 Middle River Drive 1-6, Fort Lauderdale, FL, 33306
$1,375,000
For Sale
$1,375,000
Well-maintained 6-unit property with four updated 1-bed/1-bath units and two studio units.
Property Size4,854 SF
Price / SF$283.27
Days on Market4
Property Features for 2633 Middle River Drive 1-6
General Information
- Standard status
- Active
- Size
- 4,854 SF
Building Details
- Year Built
- 1957
Listing Agency
RE/MAX Select Group
Listed by
Hector Vidaurre
Source
Mymiahomes
Added: Jul 15 Checked: Jul 17 at 5:30 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Select Group
Investment Insights
Based on property information with market context.
This well-maintained 6-unit multifamily property features full impact glass and a tenant-friendly mix of apartments. The building includes four spacious 1-bedroom/1-bath units, two of which are exceptionally large, along with two studio units. According to the current information provided, the property is generating $128,542 in gross income with below-market rents. Four units have been tastefully updated, and the remaining two are in very clean condition.
The property is located in Fort Lauderdale, approximately 2.5 miles from the beach and east of Federal in the Coral Ridge area. Long-term tenants are in place, supporting day-to-day stability.
For buyers looking for a 6-unit residential income asset with recent updates in part of the unit mix and full impact glass features, this property offers an immediately operating portfolio in a desirable rental area.
The property is located in Fort Lauderdale, approximately 2.5 miles from the beach and east of Federal in the Coral Ridge area. Long-term tenants are in place, supporting day-to-day stability.
For buyers looking for a 6-unit residential income asset with recent updates in part of the unit mix and full impact glass features, this property offers an immediately operating portfolio in a desirable rental area.
Key Highlights
- Well‑maintained 6‑unit multifamily built in 1957
- Unit mix includes four 1‑bed/1‑bath apartments and two studio units
- Four units tastefully updated; remaining two units in very clean condition
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 |
4,854 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$911.1K – $1.21M
NOI $72,889 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.26M
$2.85M – $3.81M
NOI $228,332 @ 7.0% cap · market cap 16.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained 6-unit property with four updated 1-bed/1-bath units and two studio units.
Where is this apartment building located?
The property is located at 2633 Middle River Drive 1-6 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Well‑maintained 6‑unit multifamily built in 1957; Unit mix includes four 1‑bed/1‑bath apartments and two studio units; Four units tastefully updated; remaining two units in very clean condition
