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.
Property Details
Price:
$2,000,000
MLS #:
A11657946
Status:
Active
Beds:
0
Baths:
0
Address:
821 NE 18th Ct # 5
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Fort Lauderdale
Listed Date:
Sep 11, 2024
State:
FL
Finished Sq Ft:
4,492
Total Sq Ft:
4,492
ZIP:
33305
Year Built:
1975
See this Listing
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Schools
Interior
Exterior
Parking Spots
11
Financial
Taxes
$17,308
Map
Community
- Address821 NE 18th Ct # 5 Fort Lauderdale FL
- CityFort Lauderdale
- CountyBroward County
- Zip Code33305
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