610 NE 1st Ave - Apartments FOR SALE


Fort Lauderdale, FL 33304- Flagler Heights
$4,860,180 USD
954-595-2999
610 NE 1st Ave, Fort Lauderdale, FL for Sale
$4,860,180 USD
Apartments - FOR SALE
1/25
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 26-unit multifamily investment opportunity located at 610 NE 1st Avenue in Fort Lauderdale. The property consists of a well-maintained two-story apartment building totaling 17,165 square feet, situated on a 27,001 square foot lot in one of the city’s most active redevelopment corridors. The asset offers a stabilized unit mix with consistent rental demand driven by its proximity to Downtown Fort Lauderdale, Flagler Village, and the surrounding employment hubs. Units feature functional layouts with updated interiors in select units, providing an opportunity for continued interior upgrades to further increase rental income and overall asset value. The property includes on-site parking and a secured courtyard-style layout, creating a practical and tenant-friendly environment. Its positioning within a high-density residential pocket supports strong occupancy fundamentals and long-term rental growth. 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. Strategically 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. This offering presents a rare opportunity to acquire scale in a rapidly evolving submarket with both immediate cash flow and long-term upside potential.

FOR SALE DETAILS

PRICE

$4,860,180 USD

PRICE/SF

$240 USD /SF

# OF UNITS

26

PRICE/UNIT

$186,930

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

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

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

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

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