1325/1329/1333 NE 5th Terrace 1, Fort Lauderdale, FL,Fort Lauderdale,Broward,Commercial Sale

$2,295,000

Description

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.

Address

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Address: Array
City: Fort Lauderdale
State/county: Broward

Details

Updated on August 26, 2026 at 4:51 pm

Property ID Array
Price $2,295,000
Land Area 0.46 Sq Ft
Year Built 1948
Type Multi Family
Property Status Commercial Sale

Additional details

BuildingAreaSource Public Records
BuildingAreaTotal 6458
BuildingName The Hemingway at Middle River Terrace
CLIP 5963371410
ConstructionMaterials Block, Stucco
ContractStatusChangeDate 2026-05-14
Cooling Central Air
CumulativeDaysOnMarket 104
CurrentPrice 2295000
DaysOnMarket 104
DaysOnMarketReplication 104
DaysOnMarketReplicationDate 2026-08-26
DaysOnMarketReplicationIncreasingYN 1
Directions From NE 13th St go north on Dixie Highway. Turn left on NE 14th Ct and left on 5th Terrace
DistanceToFreewayNumeric 2
DocumentsAvailable Lease, Rent Rolls
DocumentsCount 0
Electric 100 Amp Service
Fencing Front Yard
Flooring Ceramic Tile, Laminate, Wood
FoundationDetails Slab
GrossIncome 206400
GrossScheduledIncome 206400
Heating Central
InsuranceExpense 28000
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
LeasableArea 6458
Levels One
ListAOR BeachesMLS
ListAgentAOR BeachesMLS
ListAgentDirectPhone 954-812-4801
ListAgentEmail richard.salter@compass.com
ListAgentFirstName Richard
ListAgentFullName Richard N Salter
ListAgentKey 26879738
ListAgentKeyNumeric 26879738
ListAgentLastName Salter
ListAgentMiddleName N
ListAgentMlsId 0703927
ListAgentNationalAssociationId 278017007
ListAgentOfficePhone 954-477-7332
ListAgentPreferredPhone 954-812-4801
ListAgentStateLicense 0703927
ListOfficeAOR BeachesMLS
ListOfficeEmail mlsfl@compass.com
ListOfficeKey 5930346
ListOfficeKeyNumeric 5930346
ListOfficeMlsId 279622832
ListOfficeName Compass Florida, LLC
ListOfficePhone 954-477-7332
ListingAgreement Exclusive Right To Sell
ListingContractDate 2026-05-14
ListingKeyNumeric 1163774639
ListingService Full Service
ListingTerms Cash, Conventional
LotFeatures City Lot, Interior Lot, 1/4 to 1/2 Acre Lot
LotSizeArea 20250
MLSAreaMajor 3370
MaintenanceExpense 6000
MajorChangeTimestamp 2026-05-14T14:23:52.000-00:00
MajorChangeType New Listing
MapCoordinateSource Imported
MlsStatus Active
MobileDimUnits Feet
ModificationTimestamp 2026-08-26T16:35:29.543-00:00
NetOperatingIncome 115000
NumberOfBuildings 3
NumberOfSeparateElectricMeters 12
NumberOfUnitsLeased 11
NumberOfUnitsTotal 11
OccupantType Tenant
OnMarketDate 2026-05-14
OnMarketTimestamp 2026-05-14T00:00:00.000-00:00
OpenHouseModificationTimestamp 2026-08-26T12:34:24.867-00:00
OperatingExpense 85000
OriginalEntryTimestamp 2026-05-14T14:23:52.000-00:00
OriginalListPrice 2295000
OriginatingSystemID M00000170
OriginatingSystemKey 585678488
OriginatingSystemListAgentMemberKey 1426249
OriginatingSystemListOfficeKey 1157402
OriginatingSystemModificationTimestamp 2026-08-26T12:34:24.867-00:00
OriginatingSystemName BEACH
OriginatingSystemSubName BEACH_BEACH
OwnershipType Limited Partnership
ParcelNumber 494234ea0010
ParkingTotal 14
Permission IDX
PhotosChangeTimestamp 2026-05-15T13:53:16.890-00:00
PhotosCount 13
Possession Subject To Tenant Rights
PostalCity Fort Lauderdale
PostalCodePlus4 1156
PropertyCondition Resale
PropertySubTypeAdditional Multi Family
RoadFrontageType City Street
RoadResponsibility Public Maintained Road
Roof Shingle
SecurityFeatures Smoke Detector(s)
Sewer Public Sewer
SourceSystemID TRESTLE
SourceSystemKey 1163774639
SourceSystemName flexmls
SpecialListingConditions Standard, Listed As-Is
StateOrProvince FL
StatusChangeTimestamp 2026-05-14T14:23:53.000-00:00
Stories 1
StoriesTotal 1
StreetDirPrefix NE
StreetName 5th
StreetNumber 1325/1329/1333
StreetNumberNumeric 999999999
StreetSuffix Terrace
TaxAnnualAmount 38800
TaxAssessedValue 1813000
TaxLegalDescription THE HEMINGWAY AT MIDDLE RIVER TERRACE CONDO UNIT 01 BLDG 1325 PER CDO BK/PG: 44379/4
TaxYear 2025
TrashExpense 3000
UnitNumber 1
UniversalPropertyId US-12011-N-494234ea0010-R-N
Utilities Cable Available, Electricity Available, Sewer Connected, Water Connected
UtilitiesExpense 5500
VideosCount 0
WaterSource Public
Zoning RM-15