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29304965
29304980

1730 NE 7th St # 5 #1-5, Fort Lauderdale, FL 33304

PG
3370734
LoKation Real Estate
Listed by LoKation Real Estate
$2,249,000
136 days on market
Updated 20 days ago

1730 NE 7th St # 5 #1-5

Details
APN 504202152491
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 3,157
Units 5
Cap Rate 6.10%
Class B
Year Built 1961
Lot Size (SqFt) 6,633
Zoning RCS-15

Turnkey 5-Unit Multifamily | Prime Victoria Park | STR Income Producing

Marketing description

Prime Victoria Park Multifamily | Legal 5-Unit Turnkey Short-Term Rental Investment Rare opportunity to acquire a legal 5-unit multifamily building in the heart of Victoria Park, one of Fort Lauderdale’s most desirable and supply-constrained neighborhoods. RCs-15 zoning severely restricts new multifamily construction, making existing income-producing properties like this increasingly rare and difficult to replace. This two-story building features a strong unit mix with 3 large 1-bedroom units, 1 spacious studio, and 1 very large 2-bedS/ 1-bath unit. All 5 legal units were fully renovated in 2024, including updated kitchens, bathrooms, flooring, and comprehensive interior upgrades. Full impact windows are installed throughout all units, enhancing safety, insurability, and long-term value. The property generated over $180,000 in gross income in 2025 and is currently operated as a short-term rental business. The existing short-term rental operation is included in the sale, and the property is offered fully furnished and equipped, allowing immediate continuation of operations upon closing. Additional features include a 6,633 SF lot, 6 on-site parking spaces, a separate exterior coin-operated laundry room, and six individual electrical meters (1 per legal unit) plus an additional house meter. A true turnkey, legal multifamily investment in a prime location where new commercial and multifamily development is no longer permitted, supporting long-term cash flow and appreciation.
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Listing Contacts

PG
3370734
LoKation Real Estate
Listed by LoKation Real Estate

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