About 1350 NE 5th Ter, Fort Lauderdale, Florida, 33304
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.
Water Source : Public
Sewer System : PublicSewer
Property Sub-Type Additional : MultiFamily
Zoning Description : RM-15
Heating : Yes.
Heating : Central
Cooling : Yes.
Cooling : CentralAir
Window Features : ImpactGlass
Water Source : Public
Sewer System : PublicSewer
Property Sub-Type Additional : MultiFamily
Zoning Description : RM-15
Heating : Yes.
Heating : Central
Cooling : Yes.
Cooling : CentralAir
Window Features : ImpactGlass

Street Address: 1350 NE 5th Ter
City: Fort Lauderdale
State: Florida
Postal Code: 33304
County: Broward

Property Information :
Listing Status: Active
Size: 20,622 Sqft
MLS #: A11927736
Bathrooms: 0 ba
Price: $6,500,000
Tax Amount: 51982
Construction Status: Built in 1972
Last Modified : Mar 2 2026 2:00AM

Courtesy of: Elior Levi, Fausto Commercial Realty Consultants Inc (MLS# FAUS01)
Source MLS: MAR