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718 NE 7th Ave
Fort Lauderdale, FL 33304
Multifamily Property For Sale
·
6 Units
Investment Highlights
- 6-unit multifamily asset in a high-demand Fort Lauderdale location
- Zoned RMM-25 allowing for increased density and redevelopment potential
- Positioned within a rapidly growing and redeveloping submarket
- Unit mix: (2) studios and (4) 1-bedroom/1-bath units
- Located near Downtown Fort Lauderdale, Flagler Village, and Wilton Manors
Executive Summary
Native Realty is pleased to present a 6-unit multifamily investment opportunity located at 718 NE 7th Avenue in Fort Lauderdale. The property consists of a well-maintained apartment building totaling approximately 2,945 square feet, situated on a 6,750 square foot lot in a rapidly evolving urban submarket.
The asset features an efficient unit mix of two studio/1-bath units and four 1-bedroom/1-bath units, catering to strong rental demand for attainable housing options in the area. The property offers stable in-place income with the potential to increase rents through interior upgrades and operational improvements.
Zoned RMM-25 (Residential Multifamily Mid-Rise), the property allows for increased residential density, providing investors with long-term redevelopment potential in addition to current cash flow. The site’s zoning supports the continued growth and densification of the surrounding neighborhood.
Strategically located just minutes from Downtown Fort Lauderdale, Flagler Village, and Wilton Manors, the property benefits from proximity to major employment centers, retail, dining, and transportation corridors. The area continues to experience significant development activity, driving sustained rental demand and long-term appreciation.
This offering presents an attractive opportunity to acquire a stabilized, value-add multifamily asset in one of Fort Lauderdale’s most active and desirable rental markets.
The asset features an efficient unit mix of two studio/1-bath units and four 1-bedroom/1-bath units, catering to strong rental demand for attainable housing options in the area. The property offers stable in-place income with the potential to increase rents through interior upgrades and operational improvements.
Zoned RMM-25 (Residential Multifamily Mid-Rise), the property allows for increased residential density, providing investors with long-term redevelopment potential in addition to current cash flow. The site’s zoning supports the continued growth and densification of the surrounding neighborhood.
Strategically located just minutes from Downtown Fort Lauderdale, Flagler Village, and Wilton Manors, the property benefits from proximity to major employment centers, retail, dining, and transportation corridors. The area continues to experience significant development activity, driving sustained rental demand and long-term appreciation.
This offering presents an attractive opportunity to acquire a stabilized, value-add multifamily asset in one of Fort Lauderdale’s most active and desirable rental markets.
Property Facts
| Price Per Unit | $302,246 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 2,945 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Zoning | RMM-25 | ||
| Price Per Unit | $302,246 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.15 AC |
| Building Size | 2,945 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1965 |
| Zoning | RMM-25 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 455 - 525 |
| Studios | 2 | - | 257 - 4,247 |
Property Taxes
| Parcel Number | 49-42-34-07-2950 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $872,433 CAD |
Property Taxes
Parcel Number
49-42-34-07-2950
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$872,433 CAD
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