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622 NE 1st Ave
Fort Lauderdale, FL 33304
Multifamily Property For Sale
·
2 Units
Investment Highlights
- Duplex investment with (1) 1BR/1BA and (1) 2BR/1BA units
- Strong demand for small-format multifamily in the immediate area
- Zoned RAC-UV allowing for higher density and redevelopment potential
- Accessible to major corridors including Federal Highway and Broward Blvd
Executive Summary
Native Realty is pleased to present a multifamily investment opportunity located at 622 NE 1st Avenue in Fort Lauderdale. The property consists of a well-maintained duplex situated on a ~6,750 square foot lot, offering a total of two residential units including one 1-bedroom/1-bathroom unit and one 2-bedroom/1-bathroom unit.
The existing structure spans approximately 1,424 square feet and provides immediate in-place income with the potential for rental upside through repositioning or market rent adjustments. The unit mix caters to a broad tenant base, making it attractive for both investors and owner-users seeking supplemental income.
Zoned RAC-UV (Regional Activity Center – Urban Village), the property benefits from flexible zoning that allows for a range of residential and mixed-use redevelopment scenarios. This designation supports increased density and long-term appreciation potential as the surrounding area continues to evolve.
Strategically located just minutes from Downtown Fort Lauderdale, Flagler Village, and major transportation corridors, the property offers strong accessibility and proximity to employment centers, dining, retail, and ongoing development activity.
This offering presents a compelling opportunity to acquire a stabilized asset with future redevelopment potential in one of Fort Lauderdale’s most active growth corridors.
The existing structure spans approximately 1,424 square feet and provides immediate in-place income with the potential for rental upside through repositioning or market rent adjustments. The unit mix caters to a broad tenant base, making it attractive for both investors and owner-users seeking supplemental income.
Zoned RAC-UV (Regional Activity Center – Urban Village), the property benefits from flexible zoning that allows for a range of residential and mixed-use redevelopment scenarios. This designation supports increased density and long-term appreciation potential as the surrounding area continues to evolve.
Strategically located just minutes from Downtown Fort Lauderdale, Flagler Village, and major transportation corridors, the property offers strong accessibility and proximity to employment centers, dining, retail, and ongoing development activity.
This offering presents a compelling opportunity to acquire a stabilized asset with future redevelopment potential in one of Fort Lauderdale’s most active growth corridors.
Property Facts
| Price Per Unit | $846,150 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 1,424 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1959 |
| Apartment Style | Single-Family Home | ||
| Zoning | RAC-UV | ||
| Price Per Unit | $846,150 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Lot Size | 0.15 AC |
| Building Size | 1,424 SF |
| No. Stories | 1 |
| Year Built | 1959 |
| Zoning | RAC-UV |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Number | 49-42-34-07-6020 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $170,804 CAD |
Property Taxes
Parcel Number
49-42-34-07-6020
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$170,804 CAD
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