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806 NE 16th Pl
Fort Lauderdale, FL 33305 Middle River Terrace

$2,450,000 USD

Apartments For Sale • 6,606 SF

Property Details

Property Type Apartments
Total Building Size 6,606 SF
Lot Size 0.25 AC
Building Class C
Year Built 1969
Cap Rate 4.75 %
Zoning RDS-15

30 Transit Score

70 Walk Score

                
                    Highlights
                
                                Located steps from Wilton Drive
                            
                                Excellent opportunity to have long term rentals as well as Short term rentals. Current leases do not include utilities.
                            
                                Impact windows all around and laundry on site.

Financial Summary (Actual)

Net Operating Income: $114,898 USD (2025)

Cap Rate:	4.75 %
Total Expenses:	$46,502 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Gypsyology, Llc

Amenities

Laundry Facilities
Ceiling Fans
Tile Floors
Refrigerator
Range
Double Pane Windows
Quartz Countertops

Public Transportation

Commuter Rail	Drive	Walk	Distance
	7 min	-	2.5 mi
Cypress Creek (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	11 min	-	4.6 mi
Airport	Drive	Walk	Distance
Fort Lauderdale/Hollywood International	19 min	-	9.8 mi
Miami International	55 min	-	35.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	11
Type:	Surface
Included in Rent:	Yes

Rosy Baron 954-592-4120 Gibson Real Estate Services Company

806 NE 16th Pl Fort Lauderdale, FL 33305 Middle River Terrace