1350 & 1400 NE 5th Ter

Property Description

Introducing an exceptional multifamily investment opportunity in Downtown Fort Lauderdale. This portfolio of two buildings features 28 spacious units. All of the units are 2 bedrooms / 1 bathroom. This property is centrally located in Studio City, close to Flagler Village, Wilton Manors, and Middle River Terrace neighborhoods, offering surrounding residents a unique downtown experience. The property is walking distance to several popular retailers and restaurants, including Milk Money Bar & Restaurant, Lovelee Bakery, Montce Swim, Renzo Gracie. It is conveniently located close to US-1, the downtown central business district and the exciting Searstown redevelopment project. Upon its completion, the Searstown mixed-use redevelopment will consist of not only residential units but also a variety of dining, shopping, and entertainment options. This lively area combines artistic vibes and a welcoming atmosphere, resulting in a vibrant and diverse community. For investors and developers, this property represents an unparalleled opportunity to acquire a high-potential asset in a rapidly growing market. The unique blend of artistic vibes, inclusive culture, and residential charm in the surrounding neighborhoods ensures robust tenant demand and substantial future appreciation.