For Sale

1400, Northeast 5th Terrace, Fort Lauderdale, United States

Broward County, FL 33304

$6,500,000

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.

Location

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