718 NE 7th Ave - Multi-Family FOR SALE


Fort Lauderdale, FL 33304- Victoria Park
$1,302,000 USD
954-595-2999
718 NE 7th Ave, Fort Lauderdale, FL for Sale
$1,302,000 USD
Multi-Family - FOR SALE
1/9
null | Request Cap Rate

718 NE 7th Ave
Fort Lauderdale, FL 33304
Victoria Park


HIGHLIGHTS

  • 6-unit multifamily asset in a high-demand Fort Lauderdale location
  • Unit mix: (2) studios and (4) 1-bedroom/1-bath units
  • Zoned RMM-25 allowing for increased density and redevelopment potential
  • Located near Downtown Fort Lauderdale, Flagler Village, and Wilton Manors
  • Positioned within a rapidly growing and redeveloping submarket

OVERVIEW

Native Realty is pleased to present a 6-unit multifamily investment opportunity located at 718 NE 7th Avenue in Fort Lauderdale. The property consists of a well-maintained apartment building totaling approximately 2,945 square feet, situated on a 6,750 square foot lot in a rapidly evolving urban submarket. The asset features an efficient unit mix of two studio/1-bath units and four 1-bedroom/1-bath units, catering to strong rental demand for attainable housing options in the area. The property offers stable in-place income with the potential to increase rents through interior upgrades and operational improvements. Zoned RMM-25 (Residential Multifamily Mid-Rise), the property allows for increased residential density, providing investors with long-term redevelopment potential in addition to current cash flow. The site’s zoning supports the continued growth and densification of the surrounding neighborhood. Strategically located just minutes from Downtown Fort Lauderdale, Flagler Village, and Wilton Manors, the property benefits from proximity to major employment centers, retail, dining, and transportation corridors. The area continues to experience significant development activity, driving sustained rental demand and long-term appreciation. This offering presents an attractive opportunity to acquire a stabilized, value-add multifamily asset in one of Fort Lauderdale’s most active and desirable rental markets.

FOR SALE DETAILS

PRICE

$1,302,000 USD

PRICE/SF

$442 USD /SF

# OF UNITS

6

PRICE/UNIT

$217,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,750 SF

ZONING

RMM-25

APN/PARCEL ID

49-42-34-07-2950

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.