Sold
1020 NE 7th Ave
Fort Lauderdale FL, 33304
$7,600,000
$75.86 per sqft
Sold
2.3 Acres
Land
A PORTFOLIO OF 8 CONTIGUOUS APARTMENT BUILDINGS IN HIGHLY SOUGHT AFTER LAKE RIDGE SUBMARKET. WELL MAINTAINED/NO DEFERRED MAINTENANCE, OWNERSHIP RE-POSITIONED THE ASSET ENABLING NEW OWNER TO COLLECT & MARK UP RENTS WHILE WAITING FOR DEVELOPMENT TO ENGULF AREA. AN INCREASED ZONING DENSITY, WOULD EXPONENTIALLY INCREASE LAND' S DEVELOPMENT VALUE. THE EXISTING 71 UNIT COMPLEX IS AN EXTREMELY WELL MANAGED TURN-KEY INVESTMENT OPPORTUNITY ON ~2.3 ACRES OF ASSEMBLED CONTIGUOUS LAND. A VERY DIVERSE UNIT MIX.
A10214508
MLSⓇ ID
February 15, 2024
Updated
Map
1020 NE 7th Ave
Fort Lauderdale FL, 33304
Exterior/Building Features
Lot Size
2.3 Acres
Lot Features
Beach Area, City Location, Corner Lot, Shopping Center, 1-25 Acres
Sewer
Other, Public Sanitation
Other Property Details
Area Name
Garden Apartments
Days on Market
54
Garage
No
View
No
County
Broward County
Water Source
Municipal Water
Pool
No
Zoning
RMM-25
Listed by: Westside Estate Agency Florida
Listing Contact: 305-316-6159
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated 8:53 PM UTC, 2/15/2024.