Middle River Gardens Apts - 16 Unit Complex | 2901 Middle River Dr
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Middle River Gardens Apts - 16 Unit Complex 2901 Middle River Dr
16 Unit Apartment Building $4,736,892 CAD ($296,056 CAD/Unit) Fort Lauderdale, FL 33306
Investment Highlights
- Located east of Federal Hwy (US1) in prestigious Coral Ridge
- New Impact windows & doors installed in 2018
- Building Safety Inspections completed in 2021 & 2023
- 16 Annually rented apartments with long term stability
- Interior renovations with premium materials - tile flooring, cabinetry, AC, fixtures & more
- Comparables support rent increases to be made
Executive Summary
Located east of Federal Hwy in prestigious Coral Ridge this is an ideal investment size. Two buildings side by side (2901 & 2809 Middle River Drive) making an expansive garden style complex. High walkability score and superior convenience with just two blocks to Coral Ridge Mall (Publix, TJ Max, Target, AMC Theatre) and local bus lines. Tenants enjoy the nearby beach as well as easy access to I-95. Quality remodeling completed with premium tile flooring, new cabinetry, impact windows & doors, & more. New tile roofs in 2011. Comparable show rents are below market. At $206,000/unit this is the best value in the area! Please do not disturb the tenants.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,736,892 CAD | Apartment Style | Garden |
| Price Per Unit | $296,056 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.52 AC |
| No. Units | 16 | Building Size | 8,483 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1957/2011 |
| Price | $4,736,892 CAD |
| Price Per Unit | $296,056 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 8,483 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1957/2011 |
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Tile Floors
- Crown Molding
- Kitchen
- Granite Countertops
- Walk-In Closets
- Double Pane Windows
- Window Coverings
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | - |
| 1+1 | 8 | - | - |
| 2+2 | 1 | - | - |
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Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 49-42-25-04-5170 | Improvements Assessment | $1,827,420 CAD (2024) |
| Land Assessment | $129,355 CAD (2024) | Total Assessment | $1,956,775 CAD (2024) |
PROPERTY TAXES
Parcel Number
49-42-25-04-5170
Land Assessment
$129,355 CAD (2024)
Improvements Assessment
$1,827,420 CAD (2024)
Total Assessment
$1,956,775 CAD (2024)
zoning
| Zoning Code | RMM-25 (Residential Multi-Family) |
| RMM-25 (Residential Multi-Family) |
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Middle River Gardens Apts - 16 Unit Complex | 2901 Middle River Dr
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