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 | 7.5% 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. The 2024 Actual Financials presented in this listing reflect a 7.5% Cap Rate based on owner-operator performance of STR business. For buyers pursuing a more passive investment strategy, the Pro Forma Cap Rate adjusts to approximately 5.7% with third-party management (assuming a 20% management fee and base case for gross rent), or approximately 4.2% under master lease structure. Guaranteed Sale-Lease and Creative Financing options available for well-qualified buyers—customized solutions offered upon request. This is a rare opportunity to own a prime high-performing asset today with significant upside for tomorrow. 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

7.5%

% 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.