Middle River Terrace, 1106 NE 5th Ave, Fort Lauderdale, FL 33304

1,399,999(-3.57% )
3,754SqFt

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Details

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Status:
Active
Size: 3,754 SqFt (349 m2)
Price: $360/SqFt ($3,871/m2)
Type: Multi Family
Built: 1980
MLS Number: A11685074
On Site: 286 Days
Updated: 77 Days ago
Page Views: 0
If you're looking for a fantastic investment opportunity in a prime location, this property is for you! Presenting a well-maintained building with 5 legal units located in the sought-after lake ridge area of fort lauderdale. Rental income:3 one-bedroom units rented at $1,800/m, 2 two-bedroom units rented at $2,400/m. All units currently leased on one-year leases. Recently replaced roof in 2020. 40-year certification passed and up-to-date. 6 electric meters and 1 water meter. Coin-operated washer and dryer. Each apartment has designated private parking. Perfectly situated just minutes away from las olas blvd, victoria park, and flagler village. Proximity to numerous shopping, dining, and entertainment options, making it attractive to potential tenants.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Other
        • Cooling Description: CentralAir
        Building and Construction
        • Floor Description: Other
        • Year Built: 1980
        • Year Built Description: Resale
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2024-10-30T12:16:59.000-00:00
          Taxes, Fees & More
          • Taxes: 13674

          Price History

          05/27/2025

          Date

          Price Reduced

          Event

          $1.3M

          Price

          -3.57%

          Change Rate

          $360 ft2 / $3,871 m2

          Price Per

          02/25/2025

          Date

          Price Reduced

          Event

          $1.4M

          Price

          -1.75%

          Change Rate

          $373 ft2 / $4,014 m2

          Price Per

          11/18/2024

          Date

          Price Reduced

          Event

          $1.4M

          Price

          0%

          Change Rate

          $380 ft2 / $4,086 m2

          Price Per

          10/30/2024

          Date

          Listed

          Event

          $1.4M

          Price

          $380 ft2 / $4,086 m2

          Price Per

          Price per square foot and days on website are not provided values and are calculated by Subdivisions.

          Listed by Ilan Allen ZivUnited Realty Group Inc • Buyer Agency Compensation .

          Instant Comps

          $100/ft²
          $300/ft²
          $600/ft²
          $900/ft²

          Unit 1106 NE 5th Ave – Asking

          $360/ft²

          (-10%) from Closed Medium $/ft²

          Closed Medium $/ft²

          $401/ft²
          Community $/Price Range (Closed) $231/ft² – $703/ft²
          No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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