610 NE 1st Ave - Apartments FOR SALE


Fort Lauderdale, FL 33304- Flagler Heights
$6,075,180 USD
954-595-2999
610 NE 1st Ave, Fort Lauderdale, FL for Sale
$6,075,180 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

610 NE 1st Ave
Fort Lauderdale, FL 33304
Flagler Heights


HIGHLIGHTS

  • 26-unit multifamily asset in a high-demand Fort Lauderdale submarket
  • Value-add opportunity through interior renovations and rent growth
  • Located within minutes of Downtown Fort Lauderdale and Flagler Village
  • Zoned RAC-UV allowing for increased density and redevelopment potential

OVERVIEW

Native Realty is pleased to present a 28-unit, two-parcel multifamily investment and redevelopment opportunity at in Fort Lauderdale. It is located near major thoroughfares including Federal Highway, Broward Boulevard, and Sunrise Boulevard, the property offers excellent connectivity to the broader Fort Lauderdale market, including Las Olas Boulevard, Brightline, and the beach. With tenancy in place across both parcels, the offering provides immediate, stabilized income to support carrying costs during the entitlement and redevelopment process. Units feature functional layouts with updated interiors in select residences, offering near-term upside through continued interior improvements to grow rental income. The property includes on-site parking and a secured courtyard-style layout supporting strong tenant retention and day-to-day operations. The assets are positioned in one of city's most rapidly transforming areas, surrounded by multiple newly delivered and actively under-construction high-rise developments. Zoned RAC-UV (Regional Activity Center – Urban Village), the site allows for increased density and redevelopment flexibility, making this an attractive long-term hold with potential upside through repositioning or future redevelopment. This is a rare opportunity to acquire two contiguous parcels with income in place, redevelopment zoning, and a high-rise growth story already underway on all sides.

FOR SALE DETAILS

PRICE

$6,075,180 USD

PRICE/SF

$300 USD /SF

# OF UNITS

26

PRICE/UNIT

$233,661

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

610 & 622 NE 1st Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,849 SF

ZONING

RAC-UV

APN/PARCEL ID

49-42-34-07-5930

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.