For Sale
$3,295,000

2901 Middle River Dr Fort Lauderdale, FL 33306

16-Unit Complex, High ROI Potential

Overview

Added:
Jan 10
Days on market:
108
This exceptional investment opportunity presents two adjacent buildings totaling 8,483 square feet situated in the desirable Coral Ridge neighborhood of Fort Lauderdale, Florida, at 2901 Middle River Dr, zip code 33306. The property comprises 16 units within a garden-style complex, offering significant potential for increased rental income due to below-market rents. Recent high-quality renovations enhance the property's value and appeal, including premium tile flooring, new cabinetry, impact-resistant windows and doors, and new tile roofs installed in 2011. The 0.52-acre lot provides ample space. The location boasts a high walkability score, with convenient access to Coral Ridge Mall (including Publix, TJ Maxx, Target, and an AMC Theatre), local bus lines, and the beach. The property's proximity to I-95 ensures easy commuting. This is an ideal investment-sized property in a prime location with strong potential for immediate returns and long-term appreciation. Please note that the property is currently occupied, and tenant disturbance is discouraged. The asking price is $3,295,000.

Highlights

  • Exceptional 8,483 sq ft multifamily complex in desirable Fort Lauderdale, FL.
  • Two buildings offer 16 units with recent premium renovations including impact windows and new roofs.
  • Prime location near Coral Ridge Mall, I-95, and the beach, boasting high walkability.

Property Details for 2901 Middle River Dr

Property type
Investment properties, Residential income homes
Square Feet
8,483 SF
Price / Square Foot
$388.42
Class
C
Year Built/Renovated
1957/2011
Buildings
2
Stories
2
Elevators
N/A
Lot Size (sq. ft)
22,651 SF
Units
16

Location Insight

City
Fort Lauderdale
County
State
Florida

FAQs

What type of property is this?
Investment property - 16-Unit Complex, High ROI Potential
Where is the investment property located?
The property is located at 2901 Middle River Dr Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: Exceptional 8,483 sq ft multifamily complex in desirable Fort Lauderdale, FL.; Two buildings offer 16 units with recent premium renovations including impact windows and new roofs.; Prime location near Coral Ridge Mall, I-95, and the beach, boasting high walkability.
How can I contact the broker?
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2901 Middle River Dr
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