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610 NE 1st Ave
Fort Lauderdale, FL 33304
Multifamily Property For Sale
·
26 Units


Investment Highlights
- 26-unit multifamily asset in a high-demand Fort Lauderdale submarket
- Located within minutes of Downtown Fort Lauderdale and Flagler Village
- Value-add opportunity through interior renovations and rent growth
- Zoned RAC-UV allowing for increased density and redevelopment potential
Executive Summary
Native Realty is pleased to present a 26-unit multifamily investment opportunity located at 610 NE 1st Avenue in Fort Lauderdale. The property consists of a well-maintained two-story apartment building totaling 17,165 square feet, situated on a 27,001 square foot lot in one of the city’s most active redevelopment corridors.
The asset offers a stabilized unit mix with consistent rental demand driven by its proximity to Downtown Fort Lauderdale, Flagler Village, and the surrounding employment hubs. Units feature functional layouts with updated interiors in select units, providing an opportunity for continued interior upgrades to further increase rental income and overall asset value.
The property includes on-site parking and a secured courtyard-style layout, creating a practical and tenant-friendly environment. Its positioning within a high-density residential pocket supports strong occupancy fundamentals and long-term rental growth.
Zoned RAC-UV (Regional Activity Center – Urban Village), the site allows for increased density and redevelopment flexibility, making this an attractive long-term hold with potential upside through repositioning or future redevelopment.
Strategically located near major thoroughfares including Federal Highway, Broward Boulevard, and Sunrise Boulevard, the property offers excellent connectivity to the broader Fort Lauderdale market, including Las Olas Boulevard, Brightline, and the beach.
This offering presents a rare opportunity to acquire scale in a rapidly evolving submarket with both immediate cash flow and long-term upside potential.
The asset offers a stabilized unit mix with consistent rental demand driven by its proximity to Downtown Fort Lauderdale, Flagler Village, and the surrounding employment hubs. Units feature functional layouts with updated interiors in select units, providing an opportunity for continued interior upgrades to further increase rental income and overall asset value.
The property includes on-site parking and a secured courtyard-style layout, creating a practical and tenant-friendly environment. Its positioning within a high-density residential pocket supports strong occupancy fundamentals and long-term rental growth.
Zoned RAC-UV (Regional Activity Center – Urban Village), the site allows for increased density and redevelopment flexibility, making this an attractive long-term hold with potential upside through repositioning or future redevelopment.
Strategically located near major thoroughfares including Federal Highway, Broward Boulevard, and Sunrise Boulevard, the property offers excellent connectivity to the broader Fort Lauderdale market, including Las Olas Boulevard, Brightline, and the beach.
This offering presents a rare opportunity to acquire scale in a rapidly evolving submarket with both immediate cash flow and long-term upside potential.
Property Facts
| Price Per Unit | $260,364 CAD | Lot Size | 0.71 AC |
| Sale Type | Investment | Building Size | 20,252 SF |
| No. Units | 26 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1975 |
| Apartment Style | Low-Rise | Parking Ratio | 0.79/1,000 SF |
| Building Class | C | ||
| Zoning | RAC-UV | ||
| Price Per Unit | $260,364 CAD |
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.71 AC |
| Building Size | 20,252 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 0.79/1,000 SF |
| Zoning | RAC-UV |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 736 |
| 2+1 | 16 | - | 1,055 |
Property Taxes
| Parcel Number | 49-42-34-07-5930 | Improvements Assessment | $4,430,350 CAD |
| Land Assessment | $300,189 CAD | Total Assessment | $4,730,539 CAD |
Property Taxes
Parcel Number
49-42-34-07-5930
Land Assessment
$300,189 CAD
Improvements Assessment
$4,430,350 CAD
Total Assessment
$4,730,539 CAD
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