Middle River Gardens Apartments

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Address: 2901 Middle River Dr, Fort Lauderdale, FL 33306, USA

Florida & Gulf Coast + Apartment Buildings

Created date: January 10, 2025

Date last updated: January 10, 2025

Located east of Federal Hwy (US1) in Coral Ridge
16 annually rented apts with long term stability
New impact windows & doors in 2018
Interior renovations with premium materials – tile flooring, cabinetry, AC, fixtures & more
Building Safety Inspections completed in 2021 & 2023
Best price per unit in the area

Property Description

Located east of Federal Hwy in prestigious Coral Ridge this is an ideal investment size. Two buildings side by side making an expansive garden style complex. High walkability score & superior convenience with just two blocks to Coral Ridge Mall (Publix, TJ Maxx, Target, AMC Theatre) and local bus lines. Tenants enjoy the nearby beach as well as easy access to I95. Quality remodeling completed with premium tile flooring, new cabinetry, impact windows & doors, and more. New tile roofs in 2011. Comparables show rents are below market. At $206,000/unit this is the best value in the area!

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Broker Details

Ross Herman

The Keyes Company 9544670105 MLS ID: 372598

Key Property Information

Listing Status:	Available
Property Types:	Apartment Buildings
Price:	$3,295,000
No. of Units:	16
Cap Rate:	5%
Building Size:	8,483 Sq ft
Lot Size:	22,496.00 Sq ft
No. of Stories:	2
Zoning Code:	RMM25
Opportunity Zone:	No
Price per unit:	$205,938
Parking Spaces:	20