About 1350 Ne 5th Terrace #1-28
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.
Features of 1350 Ne 5th Terrace #1-28
| MLS® # | A11927736 |
|---|---|
| USD | $6,300,000 |
| CAD | $8,680,959 |
| CNY | 元42,267,960 |
| EUR | €5,415,688 |
| GBP | £4,651,952 |
| RUB | ₽539,383,320 |
| Last Listing Price | $6,500,000 |
| Acres | 0.81 |
| Year Built | 1972 |
| Type | Residential |
| Sub-Type | Multi Family |
| Status | Closed |
| HOPA | No Hopa |
Community Information
| Address | 1350 Ne 5th Terrace #1-28 |
|---|---|
| Area | 3370 |
| City | Fort Lauderdale |
| County | Broward |
| State | FL |
| Zip Code | 33304 |
Interior
| Heating | Central Individual |
|---|
Additional Information
| Date Closed | May 6th, 2026 |
|---|---|
| Date Listed | December 14th, 2025 |
| Days on Market | 270 |
| Zoning | RM-15 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Parcel ID | 494234000321 |
Listing Details
| Office | Fausto Commercial Realty Consultants Inc |
|---|