1111 NE 5th Terrace
Newly constructed four-unit multifamily building in Fort Lauderdale, Florida, offered at $1,000,000 at a 6.41% cap ($64,115 NOI). The property is fully occupied and presents a turnkey investment opportunity in one of South Florida's strongest rental markets.
Built in 1946, the single-story concrete block structure contains 3,743 SF on a 13,503 SF (0.31-acre) lot zoned RMm-25. The unit mix comprises two one-bedroom/one-bathroom apartments, one two-bedroom/one-bathroom apartment, and one three-bedroom/two-bathroom apartment. The building features wall-mounted air conditioning, on-site laundry, and eight paved parking spaces. Located on Northeast 5th Terrace near Sunrise Boulevard and Federal Highway (US-1), the property sits minutes from Downtown Fort Lauderdale, major employment centers, shopping, dining, parks, and beaches. Proximity to Port Everglades and Fort Lauderdale–Hollywood International Airport adds further appeal to both residents and investors.
- Four-unit multifamily, 100% occupied
- 6.41% cap rate with $64,115 NOI
- Diverse unit mix: two 1BR, one 2BR, one 3BR
- Convenient location near US-1, Sunrise Boulevard, and downtown
- Strong South Florida rental market fundamentals
More property details
Location
1111 Northeast 5th Terrace is a four-unit multifamily property located in Fort Lauderdale, Florida, offering an excellent investment opportunity in a highly desirable residential area. Built in 1946, the property consists of a single-story concrete block building with a stucco exterior and shingle roof, providing approximately 3,743 square feet of building area on a 13,503-square-foot (0.31-acre) lot. The property features a diverse unit mix of two one-bedroom, one-bathroom apartments, one two-bedroom, one-bathroom apartment, and one three-bedroom, two-bathroom apartment. Amenities include on-site laundry facilities, wall-mounted air conditioning units, paved parking, and RMM-25 zoning. Conveniently located near Sunrise Boulevard, Federal Highway (US-1), and Downtown Fort Lauderdale, residents enjoy easy access to major employment centers, shopping, dining, parks, beaches, Port Everglades, Fort Lauderdale–Hollywood International Airport, and a wide range of everyday conveniences. Supported by strong local demographics and continued population growth, this property presents a compelling opportunity for investors seeking a well-located multifamily asset in one of South Florida's strongest rental markets.