1400, Northeast 5th Terrace, Fort Lauderdale, United States
Broward County, FL 33304
$6,500,000
- Multi-family
- 20,622 SF building
- $315/SF
Highlights
- 20,622 SF building
- 28 units
- Asking $315/SF
Property facts
- Price
- $6,500,000
- Price per SF
- $315/SF
- Property type
- Multi-family
- Building size
- 20,622 SF
- Units
- 28
About this property
Outstanding investment opportunity to acquire two multifamily buildings located at 1350 NE 5th Terrace and 1400 NE 5th Terrace, Fort Lauderdale, FL 33304. Together, these two-story buildings consist of 28 well-maintained 2BD/1BA units with a combined 20,622 SF of living space on a 35,087 SF lot. The portfolio offers a strong proforma gross income of $688,800 annually, making it an exceptional cash-flow asset in one of Fort Lauderdale’s most desirable rental corridors. Prime location—just 3 minutes to Wilton Drive, 7 minutes to Downtown Fort Lauderdale, 9 minutes to Las Olas, 12 minutes to Fort Lauderdale Beach, and 15 minutes to Fort Lauderdale–Hollywood International Airport—ensuring excellent accessibility and long-term renter demand.
From the listing broker.
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