1020 NE 7th Ave, Fort Lauderdale FL, 33304

Sold

1020 NE 7th Ave

Fort Lauderdale FL, 33304

$7,600,000

$75.86 per sqft

Sold

100,188 sqft

Commercial

Built in 1965

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.

A10214373

MLSⓇ ID

January 26, 2017

Listed

February 15, 2024

Updated

Map

1020 NE 7th Ave
Fort Lauderdale FL, 33304

Interior Features

Total Stories: 2
Floor Description: Carpet, Tile
Fireplace: No
Cooling: Yes
Cooling Description: Central Individual A/C, Wall/Window Unit(s)
Heating: No

Exterior/Building Features

Lot Size: 2.3 Acres
Lot Features: City Location, Corner Lot, Near Airport, In Residential Area
Roof: Other, Various Material(S) Roof

Other Property Details

Days on Market: 54
Garage: No
Parking: Assigned, Common, Free Parking
Parking Total: 80
View: No
County: Broward County
Water Source: Public
Pool: No
Zoning: RMM-25
Buyer Agency Compensation: 2.0%

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.

Data last updated 8:53 PM UTC, 2/15/2024.