Property Description
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.
Features
: 11
Canal Width 1-80 Feet,waterfront
Address Map
FL
Broward County
Fort Lauderdale
33305
821 NE 18th Ct # 5
0
W81° 51' 53.5''
N26° 9' 7.6''
MLS Addon
170
: Sale
2
$17,308
RML-25
Commercial Sale For Sale
821 NE 18th Ct # 5, Fort Lauderdale, Florida 33305
8,540 Sqft
$2,000,000
Listing ID #A11657946
Basic Details
Property Type : Commercial Sale
Property SubType : Income/multifamily
Listing Type : For Sale
Listing ID : A11657946
Price : $2,000,000
Year Built : 1975
Lot Area : 8,540 Sqft
Building Area : 4,492 Sqft
Status : Active
