5 Unit waterfront building in desirable Middle River Terrace submarket in Fort Lauderdale. Great unit mix. 3 - 2 BR, 2 - 1 BR. 1/2 mile to downtown Wilton Manors. Property is concrete block. Central AC. Great value add opportunity. In place ownership for 27 years with current rents well below market. Underlying land value significant and allows construction of 4 units. A new owner could increase rents and bring to current market, potentially operate as short and mid term rental or lastly build new waterfront units.
Mls | A11657946 |
---|---|
Listing Type | For Sale |
Style | Attachd |
Suite Number | 1 |
Subtype | Resale |
Status | Active |
Year | 1975 |
Days On Site | 92 |
Listing Provided By | Union Street Partners, LLC | Gregory Celentano |
Sq Feet | 4,492 |
---|---|
Storys | 2 |
Zoning | RML-25 |
Acreage | 8540.00 |
Water Front | Yes |
State | FL |
---|---|
County | Broward |
City | Fort Lauderdale |
Zip Code | 33305 |
Area | 3370 |
Listing VS Median (in 33305) | |
Price: $2,000,000 low | high Med: $279,500 SqFt: 4,492 low | high Med: 1,303 $ / SqFt: $445 low | high Med: $212 On Site: 92 low | high Med: 95.000000 |