610 & 622 NE 1st Ave
- 28-unit multifamily asset in a high-demand Fort Lauderdale submarket
- Value-add opportunity through interior renovations and rent growth
- Located within minutes of Downtown Fort Lauderdale and Flagler Village
- Zoned RAC-UV allowing for increased density and redevelopment potential
Property Description
Native Realty is pleased to present a 28-unit, two-parcel multifamily investment and redevelopment opportunity at in Fort Lauderdale. It is 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. With tenancy in place across both parcels, the offering provides immediate, stabilized income to support carrying costs during the entitlement and redevelopment process. Units feature functional layouts with updated interiors in select residences, offering near-term upside through continued interior improvements to grow rental income. The property includes on-site parking and a secured courtyard-style layout supporting strong tenant retention and day-to-day operations. The assets are positioned in one of city's most rapidly transforming areas, surrounded by multiple newly delivered and actively under-construction high-rise developments. 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. This is a rare opportunity to acquire two contiguous parcels with income in place, redevelopment zoning, and a high-rise growth story already underway on all sides.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $6,075,180 |
| No. of Units: | 28 |
| Year Built: | 1974 |
| Lot Size: | 0.77 Acres |
| Opportunity Zone: | No |
| Price per unit: | $216,971 |
| Property Website | Click Here |
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