Multifamily in Fort Lauderdale, FL 33304
Middle River Terrace, 1132 NE 5th Ave #1-2

2,550
SqFt
Status
Sold - Jan 26, 2022
Size
2,550 SqFt (237 m2)
Price
$211/SqFt ($2,273/m2)
Type
Multifamily
Built
1981
MLS Number
F10305554
On Site
1778 Days
Updated
31 Days ago
Page Views
0
Investment opportunity in revitalization area of South Middle River Terrace. Access provided after accepted/executed contract. Blocks from Wilton Manors & Milk Money Bar/Kitchen. Long term, month-to-month tenants, under market rents ready to increase & stabilize. New roof (2019), new driveway (10/2021), new HVAC units (2018) & handler (2021), new water heater & new tile floor (2020). Strong long term rental hold with pro-forma NOI of $36,871 & 6.84% cap rate. No sign at property, do not disturb tenants. Current financials/OM with rent roll, expenses & financial analysis on request.

Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: OutdoorLivingArea
      Interior, Heating and Cooling
      • Heating Description: Central, SeparateMeters
      • Cooling Description: CentralAir
      Building and Construction
      • Floor Description: Tile
      • Windows/Treatment: Other
      • Year Built: 1981
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Listing Date: 2021-10-29T14:10:18.000-00:00
        Taxes, Fees & More
        • Maintenance Includes: HotWater, MaintenanceGrounds, Sewer, Trash, Water
        • Taxes: 5618
        • Real Estate Taxes: 273480
        • Total Floors in Building: 1
        • Total Units in Building: 2
        • Total Units in Complex: 2

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        Price History

        Date
        Event
        Price
        Change
        Price Per
        11/22/2021
        Listed
        $539K
         
        $211 ft2
        $2,273 m2
        11/22/2021
        $539K
        Event
        Listed
        Price Per
        $211 ft2
        $2,273 m2
        Price per square foot and days on website are not provided values and are calculated by Subdivisions.
        Listed by Thomas Swartzbaugh • Sunbelt Investment Properties • Buyer Agency Compensation .

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        Scores

        Walk Score®
        Somewhat Walkable. Some errands can be accomplished on foot
        59

        100
        Transit Score®
        Some Transit. A few nearby public transportation options
        36

        100
        Bike Score®
        Bikeable. Some bike infrastructure
        56

        100
        Sound Score®
        Bearable noise
        76

        100
        Airport Score
        Close to airports. Noticeable airport activity
        0

        100
        Traffic Score
        Congested area. Frequent traffic delays
        29

        100
        Local Score
        Limited local amenities nearby
        1

        100
        Community Snapshot
        1 – 5 BR
        Bedrooms
        $179K – $1.8M
        Price Tier
        366 - 9,743
        SqFt Range
        1960
        Year Build
        1
        Total Floors

        Subdivision Amenities

        Laundry
        None
        Parking
        Pool

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        Middle River Terrace Communities in Fort Lauderdale, FL