Fort Lauderdale, FL 1325/1329/1333 NE 5th Terrace 1
$2,295,000
8 more
Presented By: Compass Florida, LLC
SQFT • 6,458
Home Details
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.
Presented By: Compass Florida, LLC
Interior Features for 1325/1329/1333 NE 5th Terrace 1
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringCeramic Tile, Laminate, Wood
Heating Y/NYes
Total Stories1
General for 1325/1329/1333 NE 5th Terrace 1
AccessibilityNone
Building NameThe Hemingway at Middle River Terrace
CityFort Lauderdale
Construction MaterialsBlock, Stucco
CoolingCentral Air
CountyBroward
DirectionsFrom NE 13th St go north on Dixie Highway. Turn left on NE 14th Ct and left on 5th Terrace
Electric100 Amp Service
Gross Income206400
HeatingCentral
Insurance Expense28000
Legal DescriptionTHE HEMINGWAY AT MIDDLE RIVER TERRACE CONDO UNIT 01 BLDG 1325 PER CDO BK/PG: 44379/4
LevelsOne
MLS Area3370
Net Operating Income115000
New ConstructionNo
Number Of Units Total11
Occupancy TypeTenant
Operating Expense85000
Ownership TypeLimited Partnership
PossessionSubject To Tenant Rights
PostalCityFort Lauderdale
Property ConditionResale
Property Sub Type AdditionalMulti Family
Property SubtypeMulti Family
Property TypeCommercial Sale
RoofShingle
Security FeaturesSmoke Detector(s)
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount38800
Tax Year2025
Trash Expense3000
Unit Number1
UtilitiesCable Available, Electricity Available, Sewer Connected, Water Connected
Virtual TourClick here
Year Built1948
Exterior for 1325/1329/1333 NE 5th Terrace 1
Building Area Total6458
FencingFront Yard
Foundation DetailsSlab
Lot FeaturesCity Lot, Interior Lot, 1/4 to 1/2 Acre Lot
Lot Size Acres0.46
Lot Size Area20250
Number of Buildings3
Parking FeaturesNone
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Total Parking14
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Yaniv Haramatiy
Realtor®
