730-734 NE 5th Ave - Apartments FOR SALE


Fort Lauderdale, FL 33304- Flagler Heights
$3,800,000 USD
516-830-0116
730-734 NE 5th Ave, Fort Lauderdale, FL for Sale
$3,800,000 USD
Apartments - FOR SALE
1/13
null | 7.14% Cap Rate

730-734 NE 5th Ave
Fort Lauderdale, FL 33304
Flagler Heights


HIGHLIGHTS

  • Operating as a 5-Star Boutique Rental with exceptional STR cash flow
  • One of the last undeveloped parcels with Zoning rights for a tower up to 30 stories
  • Unobstructed views of Holiday Park and partial Atlantic Ocean views above 15 stories
  • Highly walkable location with proximity to top restaurants, parks, and developments
  • Located within a designated Opportunity Zone, offering significant tax advantages for investors
  • Development site ideal for workforce housing (State incentives), retail, office space, rooftop event space, and/or luxury condominiums

OVERVIEW

Presenting Freedom House — a Boutique 5-Star Short-Term Rental Urban Oasis. This rare gem combines exceptional cash flow with prime development potential in one of Fort Lauderdale’s most dynamic and fast-growing neighborhoods. Thoughtfully designed with a breathtaking entrance, preserved historic charm, and lush manicured grounds. The property offers an unmatched guest experience. Residential guests frequently host upscale parties, weddings, and private ceremonies on-site. Guests love renting the entire compound for a family stay, corporate housing, or retreat destination. Located just a few walking blocks from Holiday Park and world-famous Las Olas Boulevard, Freedom House sits near major mixed-use projects such as Sears Town and FAT Village, further enhancing its value and future growth potential. New Development may include a blend of favorable components such as workforce housing, retail, office space, rooftop event space, and/or luxury condominiums (Partial Ocean Views to the East above 15 stories). All while taking advantage of Opportunity Zone Tax advantages for investors. This is a rare opportunity to own a prime high-performing asset today with significant upside for tomorrow. Guaranteed Sale-Leaseback (Approx 4.2% Cap rate)and/or Creative Financing options available for well-qualified buyers upon request. This Opportunity will not last long.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$1,140 USD /SF

# OF UNITS

7

PRICE/UNIT

$542,857

CAP RATE

7.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

RAC-UV

APN/PARCEL ID

49-42-34-07-2520

ASK ABOUT THIS PROPERTY

Anthony AggarwalSweet Life PropertiesMore Info
516-830-0116

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Anthony AggarwalSweet Life PropertiesMore Info
516-830-0116

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