1325/1329/1333 NE 5th Terrace

Highlights:

• Lot Features: City Location, 1/4 To Less Than 1/2 Acre Lot, Interior Lot, Less Than 1 Acre
• Building Features: Automobile Traffic
• Gross Income: 206400
• Number Of Buildings: 3
• Bathrooms Total: 0
• Documents Available: Copies Of Lease(S), Owner Managed
• Cooling: Central Individual A/C, Central Air
• Heating: Central
• Electric: 100 Amp Service
• Flooring: Ceramic Floor, Wood
• Construction Materials: Concrete Block Construction, Slab Construction, Stucco, Sheet Rock
• Parking Features: None, No Rv/Boats
• Security Features: Smoke Alarm, Smoke Detector(s), Smoke Detector
• Insurance Expense: 28000
• Ownership: Limited Partnership

Description:

The Hemingway at Middle River Terrace is an 11 unit apartment building. It is fully occupied and located in east Fort Lauderdale within an easy commute of everything the city has to offer. It consists of 3 separate buildings on a large lot of just under 1/2 an acre. There are 9 1/1s, one 2/1 and one 2/2 units. There is some development in the area of new construction residential units with more slated in the future. The neighborhood is in demand due to the affordable rents and proximity to downtown, the airport, port and highways. Some units are fully renovated and most have had updates within the last 5 years. All 3 buildings have a new roof and there is impact windows and doors throughout. The property is fully fenced and gated The units currently have individual deeds and can be sold off individually as condominiums.

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Listing ID: B26028545