PRICED AT ONLY: $13,900,000
Address: 1827 Middle River Dr, Fort Lauderdale, FL 33305
Description
This prime commercial property features 17 fully rented units, including a mix of 2 bedroom, 2 bathroom and 1 bedroom, 1 bathroom units. Additionally, all 9 dock spaces are rented out. The property is poised for development, with the owner already beginning the process to build 14 townhouses. A contract for a new seawall is in place, and preliminary blueprints for the townhouses are ready. City permits are expected by September 2025. Located in a great school district, this property is a key target for potential buyers and renters.
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- MLS#: F10492704 ( Commercial/Industrial )
- Street Address: 1827 Middle River Dr
- Viewed: 2
- Price: $13,900,000
- Price sqft: $632
- Waterfront: Yes
- Wateraccess: Yes
- Year Built: 1962
- Bldg sqft: 22000
- Days On Market: 167
- Acreage: 1.14 acres
- Additional Information
- County: BROWARD
- City: Fort Lauderdale
- Zipcode: 33305
- Provided by: The Keyes Company
- Contact: Renata Moulavi
- (954) 467-0105
- DMCA Notice
Features
Building and Construction
- Ceiling Description: Insulated
- Construction Type: Concrete Block Construction
- Floor Description: Ceramic Floor
- Maximum Leasable Sqft: 22000
- Num Stories: 2.0000
- Roof Description: Tile Roof
- Typeof Building: Commercial
- Year Built Description: Resale
Property Information
- Property Description: LIVERMORE ESTATES 19-11 B LOT
- Transaction Type Mlx: Sale
- Typeof Property: Commercial
Land Information
- Lot Frontage: 200
- Lot Sq Footage: 24715
- Total Acreage: 1.1400
Garage and Parking
- Num Parking Spaces: 34
- Parking Description: Assigned Parking, Guest Parking
Eco-Communities
- Environmental Audit: Phase 1
- Water Description: Public Water
Utilities
- Cooling Description: Central Individual A/C
- Electric Service: Separate Meters
- Fire Protection: Smoke Alarm, Smoke Detector
- Heating Description: Central Individual A/C
- Num Meters: 17
- Num Tenants: 25
- Num Toilets: 24
- Number Of Units: 17
- Sewer Description: Public Sanitation
- Utility Expense: 16500
Amenities
- Common Area Maint Includes: A/C & Heating Maintenance, Exterior Electric, Lawn Care, Trash Removal, Water
Finance and Tax Information
- Expense Amount: 175000
- Insurance Expense: 17000
- Net Operating Income: 274184
- Service Expense: 7200
- Sourceof Expenses: Owner Provided
- Supply Expense: 1200
- Tax Year: 2024
- Total Assumable Loans: 6800000
- Total Expenses: 175000
- Total Mortgage: 6800000
- Trash Expense: 7200
Other Features
- Board Identifier: BeachesMLS
- Country: United States
- Geographic Area: Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
- Information Available: Books & Records, Deed, Drawings, Environment Study, Equipment Inventory, Financial Statement, Copy Of Lease(S), Owner Managed
- Legal Description: LIVERMORE ESTATES 19-11 B LOT 6 & STRIP OF LAND LYING W OF LOT 6, BET LOT & MIDDLE RIVER
- Locationof Property: In Residential Area
- Miscellaneous Expense: 2400
- Miscellaneous Information: Airport Access, Awning/Hurricane Covers, Balconies, Exterior Lighting, Fenced Area
- Occupancy Percentage: 100.0000
- Parcel Number Mlx: 0060
- Parcel Number: 494236010060
- Possession Information: At Closing
- Postal Code + 4: 3535
- Sale Includes: Building & Land
- Section: 36
- Zoning Information: RM-15
Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
