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1350 NE 5th Ter 1-28 Fort Lauderdale, FL $ 6,500,000
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$ 6,500,000 Get more info
1350 NE 5th Ter 1-28
$ 6,500,000
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1350 NE 5th Ter 1-28

Fort Lauderdale, FL, 33304
$ 6,500,000
Bedrooms28 Baths-- Sq 20,622

Monthly Estimate*

$ 40,022

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Commercial Property for sale in Fort Lauderdale, FL

for $6,500,000 with 28 bedrooms. This 20,622 square foot building was built in 1972.

A rare opportunity to acquire a 28-unit property in Fort Lauderdale’s highly sought-after Middle River Terrace, featuring an unbeatable unit mix of all 2BD/1BA apartments—half fully renovated. The property offers brand-new impact windows and doors, a completed 40-year recertification, plenty of parking, and substantial upside, with recent renovations resulting in approximately 10 current vacancies. At full occupancy, the asset delivers nearly an 8% cap rate, making it an exceptional cash-flow opportunity in one of the city’s strongest rental corridors. Ideally located just minutes from Wilton Drive, Downtown, Las Olas, the beach, and FLL Airport, this property offers stability, income growth, and long-term appreciation potential.

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Commercial Active

Price

$ 6,500,000

Bedrooms

28

Property Type

Commercial

Taxes

$ 51,982

Style

Year Built

1972

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

A11927736
Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Year Built 1972
Unit Number 1-28
Property Subtype Multi Family
Tax Year 2024
County Broward
Property Type Commercial Sale
Full Baths 0
Status Active
City Fort Lauderdale
Zoning Description RM-15
Number Of Units Total 28
MLS Area 3380
Lot Size Units Square Feet
Lot Size Square Feet 35087
Listing Terms Cash Conventional Other
Tax Annual Amount 51982
Ok to Lease 36 Months
MLS Area Minor Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11927736
Structure Type Apartment
Standard Status Active
Occupancy Type Call Agent
Property Sub Type Additional Multi Family
Legal Description 34-49-42 THE S1/2 OF THE FOL BEG NE COR OF SE1/4 SLY 150 TO POB WLY 275.64 SLY 128.20 ELY 274.66 NLY 127.44 TO POB
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Interior
Air Conditioning Y/N true
Heating Y/N true
Window Features Impact Glass
Total Bedrooms 28
Total Baths 0
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Exterior
Water Source Public
Lot Size Area 35087
Building Area Total 20622
Covered Spaces 0
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* Excluded Features
List By
Fausto Commercial Realty Consultants Inc

Broker

elevi@faustocommercial.com

Email

Affordability Calculator

$44,353
Per Month
90%
10%
0%
Monthly Principal & Interest
$40,022
Monthly Property Taxes
$4,332
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/14/2025$6,500,000 Listed Price

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1350 NE 5th Ter 1-28, Fort Lauderdale, FL, 33304 is a Commercial Property for sale at $6,500,000 with 20,622 sqft. 1350 NE 5th Ter 1-28 has 28 bedroomsThe property's zip code is 33304 which is in Fort Lauderdale, FL

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