Middle River Gardens Apts - 16 Unit Complex
$2,995,000
2901 Middle River Drive, Fort Lauderdale, FL 33306
8,483 sqft
Building Size
22,496 sqft
Lot Area
Details:
Highlights:
- Located east of Federal Hwy (US1) in prestigious Coral Ridge
- New impact windows & doors installed in 2018
- Building Safety Inspections completed in 2021 & 2023
- 16 Annually rented apartments with long term stability
- Interior renovations with premium materials - tile flooring, cabinetry, AC, fixtures & more
Description:
Located east of Federal Hwy in prestigious Coral Ridge, this is an ideal investment size. Two buildings side by side (2901 & 2809 Middle River Drive) making an expansive garden style complex. High walkability score and superior convenience with just two blocks to Coral Ridge Mall (Publix, TJ Maxx, Target, AMC Theatre) and local bus lines. Tenants enjoy the nearby beach as well as easy access to I-95. Quality remodeling completed with premium tile flooring, new cabinetry, impact windows & doors, and more. New tile roofs in 2011. Comparables show rents are below market. At $187,188/unit, this is the best value in the area! Please do not disturb the tenants.
For information email to Ross@HermanAndHerman.com, or call 954-563-6800.
Location
Gallery
