612 NE 2nd Ave - Apartments FOR SALE


Fort Lauderdale, FL 33304- Flagler Heights
$2,700,000 USD
954-595-2999
612 NE 2nd Ave, Fort Lauderdale, FL for Sale
$2,700,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

612 NE 2nd Ave
Fort Lauderdale, FL 33304
Flagler Heights


HIGHLIGHTS

  • 12-unit multifamily asset in Flagler Village
  • Strong unit mix: 10 one-bedroom units and 2 two-bedroom units
  • Located within RAC-UV zoning allowing higher density redevelopment
  • Positioned in one of Fort Lauderdale’s fastest-growing submarkets
  • Proximity to Flagler Village, FAT Village, and Downtown Fort Lauderdale

OVERVIEW

Native Realty is pleased to present a 12-unit multifamily investment opportunity located in the heart of Flagler Village, one of Fort Lauderdale’s fastest-growing urban submarkets. The property consists of a 7,330 SF two-story building situated on approximately 13,500 SF of land. The unit mix includes ten 1-bedroom / 1-bath units and two 2-bedroom / 1-bath units, offering a balanced layout attractive to the area’s renter demographic. Units feature functional floorplans with strong natural light, tile flooring, and efficient kitchen layouts. The property also includes on-site parking and a simple configuration, allowing for ease of management. Positioned within RAC-UV zoning, the site benefits from flexible development potential, supporting higher density residential and mixed-use projects. The location places the asset within close proximity to Flagler Village, FAT Village, and Downtown Fort Lauderdale, where continued development is driving rental demand and long-term appreciation. This offering provides investors with a clear value-add opportunity through unit upgrades and rent growth, as well as long-term redevelopment upside in a rapidly evolving corridor.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$256 USD /SF

# OF UNITS

12

PRICE/UNIT

$225,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12-Unit Multifamily in Flagler Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,499 SF

ZONING

RAC-UV

APN/PARCEL ID

49-42-34-07-5750

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.