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$6,300,000

  • Sold
  • Closed
  • Apartment
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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.

Full Property Details for 1350 NE 5th Terrace #1-28

General

  • Sold For: $6,300,000
  • Taxes: $51,982 (2024)
  • Status: Closed
  • Type: Apartment
  • Source: Greater_Miami
  • MLS ID: A11927736
  • Added to Site: 156 day(s) ago

Business

  • Business Type: Apartments

Rental Information

  • Lease/Rent Term: 1 To 3 Year Lease

Location

  • County: Broward County

Community

  • Units Assoc/Comm: 28

Heating & Cooling

  • Heating Type: Central Individual A/C

Utilities

  • Sewer: Public Sanitation
  • Water: Public

Structural Information

  • Detached/Attached: Detached
  • Windows: Clear Impact Glass
  • Building Size: 20622
  • Year Built: 1972

Unit Information

  • Units in Complex: 28

Lot Features

  • Lot Size (Sq. Ft.): 35,087
  • Potential Use: Investment
  • Zoning: RM-15

Financial Considerations

  • Tax Amount: $51,982
  • Tax Year: 2024
  • Terms: All Cash, Conventional/Refinance

Disclosures and Reports

  • Special Conditions: Sale
  • 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
  • Property ID: 494234000321

Listed by Fausto Commercial Realty Consultants Inc
Sold by Keller Williams Realty Profess

Listing agent

— 1350 NE 5th Terrace #1-28 —

  • Fausto Commercial Realty Consultants Inc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1350 NE 5th Terrace #1-28

School District:Broward County School District
NameGradesDistance
North Side Elementary School
120 Northeast 11th Street, Fort Lauderdale, FL 33304
PK-50.5 mi
Sunrise Middle School
1750 Northeast 14th Street, Fort Lauderdale, FL 33304
6-80.9 mi
Fort Lauderdale High School
1600 Northeast 4th Avenue, Fort Lauderdale, FL 33305
9-120.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1350 NE 5th Terrace #1-28

Date
Details
Price
Change
Source
5/06/2026
Sold
$6,300,000
-3.08%
MLS
12/14/2025
Listed
$6,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Fausto Commercial Realty Consultants Inc
Sold by Keller Williams Realty Profess

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1350 NE 5th Ter #1-28, Fort Lauderdale, FL 33304 (MLS# A11927736) is a Apartment property that was sold at $6,300,000 on May 06, 2026. Want to learn more about 1350 NE 5th Ter #1-28? Do you have questions about finding other Apartment real estate for sale in Fort Lauderdale? You can browse all Fort Lauderdale real estate or contact a Coldwell Banker agent to request more information.