Investment Overview

Marcus & Millichap is pleased to present 1111 Northeast 5th Terrace, a (4)-unit apartment building located in Fort Lauderdale, Florida. SUBJECT PROPERTY 1111 Northeast 5th Terrace was constructed in 1946 and comprises (one) single-story concrete block building with a painted stucco exterior and shingle roof. The property offers 3,743 square feet of gross building area and sits on a 13,503-square-foot lot (0.31 acres), according to the Broward County Property Appraiser. The unit mix includes (two) one-bedroom/one-bathroom units, (one) two-bedroom/one-bathroom unit, and (one) three-bedroom/two-bathroom unit. The property features on-site laundry facilities, wall air-conditioning units and paved asphalt parking, The property is zoned RMM-25. LOCATION 1111 Northeast 5th Terrace is located in Fort Lauderdale, Florida, offering residents convenient access to Sunrise Boulevard, NE 4th Avenue, and Federal Highway (US-1). The surrounding 3-mile area reports an average household income of $106,825 and population growth of 8.41% since 2010. Residents are within walking distance to Home Depot, Flagler Village, and Holiday Park, with a short drive to Downtown Fort Lauderdale, Fort Lauderdale-Hollywood International Airport, Port Everglades, and the Broward County Convention Center. Surrounding area retailers and points of interest include Home Depot (0.1 miles), Amped Fitness (0.4 miles), Holiday Park/Baptist IcePlex/The Parker (0.4 miles), Pet Supermarket (0.4 miles), Walgreens Pharmacy (0.6 miles), Aldi (0.6 miles), Winn Dixie (0.7 miles), Publix Super Market at Sunrise Boulevard (0.8 miles), The Fresh Market (1.0 miles) and Truist Bank (1.3 miles). Additionally, just a short drive from the property is Brightline Fort Lauderdale Station (1.4 miles), The Galleria (2.1 miles), Hugh Taylor Birch State Park (2.4 miles), Beaches (2.6 miles), Broward County Convention Center (4.1 miles), Port Everglades (5.4 miles), and Fort Lauderdale-Hollywood International Airport (5.5 miles). Nearby educational facilities include Northside Elementary School (0.3 miles), Fort Lauderdale High School (0.7 miles), and Sunrise Middle School (1.3 miles). SUMMARY 1111 Northeast 5th Terrace is being offered for sale at $960,000 or $240,000 per unit.