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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
$2,149,000
170 days on market
Updated 6 days ago

1730 NE 7th St #1-5

Details
APN 504202152491
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 3,157
Units 5
Cap Rate 7.21%
NOI $155,000
Class B
Year Built 1961
Lot Size (SqFt) 6,633
Zoning RCS-15
Parking Spaces 6 spaces
Parking per 1,000 SqFt 1.90

PRICE REDUCED $100K | Turnkey 5-Unit $200K Income | Prime Victoria Park

Marketing description

Now offered with a $100,000 PRICE REDUCTION, this prime Victoria Park 5-unit multifamily STR investment presents an even stronger opportunity for investors seeking proven income, a turnkey operation, and a highly desirable Fort Lauderdale location.

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-bedroom / 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 $200,000 in gross income in 2025 and is currently operated as a short-term rental business. The existing STR 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 — one per legal unit plus an additional house meter.

With the new $100,000 price improvement, this asset is now positioned even more competitively for investors seeking a proven, income-producing STR property in a prime Fort Lauderdale location.

A true turnkey legal multifamily investment in a location where new commercial and multifamily development is no longer easily permitted, supporting long-term cash flow, scarcity value, and appreciation potential.

Investment highlights

• $200,000 gross income generated in 2025

• Legal 5-unit multifamily in prime Victoria Park

• Fully turnkey short-term rental investment

• Existing STR operation included in the sale

• Offered fully furnished and equipped for immediate income from day one

• Rare RCs-15 zoning with limited future multifamily supply

• Strong unit mix: 3 large 1BD units, 1 spacious studio, and 1 oversized 2BD/1BA unit

• Fully renovated in 2024 with updated kitchens, bathrooms, flooring and interiors

• Full impact windows throughout all units

• 6 on-site parking spaces, a major advantage for STR guests

• Separate exterior coin-operated laundry room

• Six individual electrical meters plus house meter

• Prime location in one of Fort Lauderdale’s most desirable neighborhoods

• Rare replacement-value opportunity where new multifamily development is highly restricted

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Listing Contacts

PG
3370734
LoKation Real Estate
Listed by LoKation Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$155,000.00
$12,916.67/mo

Valuation Metrics

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DSCR
7.21%
Cap Rate
7.21%
ROI

Map

Zoning

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RCS-15 ResidentialSingle FamilyResidential Single Family And Medium Density
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Last updated Jun 26, 2026 For deeper zoning details, reports are available at Zoneomics

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