724 NE 3rd Ave - Apartments FOR SALE


Fort Lauderdale, FL 33304- Flagler Heights
$3,125,000 USD
310-980-0644
724 NE 3rd Ave, Fort Lauderdale, FL for Sale
$3,125,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

724 NE 3rd Ave
Fort Lauderdale, FL 33304
Flagler Heights


HIGHLIGHTS

  • Two Parcel Assemblage
  • 28 Units Can Be Built By Right
  • Option to Acquire Neighboring Parcels as Well

OVERVIEW

Situated in the heart of Flagler Village, this rare two-parcel assemblage offers an exceptional development opportunity on one of the neighborhood’s busiest and most prominent corridors. With a total land size of 15,625 SF (0.36 acres), the property benefits from a massing study confirming at least 28 units can be built by right, making it an ideal site for multifamily or mixed-use development. Flagler Village is one of Fort Lauderdale’s most sought-after urban neighborhoods, experiencing explosive growth with new residential, retail, and cultural projects. According to recent RentCafe data, Fort Lauderdale ranks as Florida’s #1 rental market and continues to have strong demand for housing. The current property includes: * 730 NE 3rd Ave: Seven existing apartments (fully leased) providing immediate income. * 724 NE 3rd Ave: A two-bedroom home with a large yard (owner occupied). This is a rare chance to secure a high-exposure development site in one of South Florida’s fastest-growing submarkets. Listing is for parcels #494234072060 & 494234072070 This listing may be purchased separately or as part of a larger 1-acre assemblage opportunity on the block.

FOR SALE DETAILS

PRICE

$3,125,000 USD

PRICE/SF

$802 USD /SF

# OF UNITS

8

PRICE/UNIT

$390,625

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

724-730 NE 3rd Ave, Fort Lauderdale FL 33304

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

RAC-UV, Fort Lauderdale

APN/PARCEL ID

49-42-34-07-2060,49-42-34-07-2070

ASK ABOUT THIS PROPERTY

Jeremiah AdlerNative Realty Co.More Info
310-980-0644

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Jeremiah AdlerNative Realty Co.More Info
310-980-0644

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