1610 NE 3rd Ct - Apartments FOR SALE


Fort Lauderdale, FL 33301- Victoria Park
$2,500,000 USD
954-595-2999
1610 NE 3rd Ct, Fort Lauderdale, FL for Sale
$2,500,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

1610 NE 3rd Ct
Fort Lauderdale, FL 33301
Victoria Park


HIGHLIGHTS

  • 10-unit multifamily property
  • Zoned RC-15 allowing for redevelopment potential
  • Located near Downtown Fort Lauderdale and Flagler Village
  • Minutes to the beach, retail, dining, and major corridors

OVERVIEW

Native Realty is pleased to present a 10-unit multifamily investment opportunity located at 1610 NE 3rd Court in Fort Lauderdale. The property consists of approximately 4,485 square feet of improvements situated on a 9,375 square foot lot in a highly desirable residential submarket. The asset offers a well-configured unit mix with strong rental demand, providing stable in-place income and the opportunity to increase rents through interior upgrades and operational efficiencies. The property’s scale allows for efficient management while maintaining flexibility for value-add strategies. Zoned RC-15, the site allows for multifamily residential use with potential for future redevelopment or density optimization, enhancing long-term upside for investors. Strategically located just minutes from Downtown Fort Lauderdale, Flagler Village, and the beach, the property benefits from proximity to major employment centers, retail, dining, and transportation corridors. This offering presents an opportunity to acquire a stabilized, income-producing asset with value-add potential in one of Fort Lauderdale’s most active and growing rental markets.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$562 USD /SF

# OF UNITS

10

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,375 SF

ZONING

RC-15, Fort Lauderda

APN/PARCEL ID

50-42-02-15-0550

ASK ABOUT THIS PROPERTY

Jaime SturgisNative Realty Co.More Info
954-595-2999

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Jaime SturgisNative Realty Co.More Info
954-595-2999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.