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1723 NE 6th St 11 Unit Apartment Building $2,200,000 ($200,000/Unit) Fort Lauderdale, FL 33304
Investment Highlights
- 11-unit multifamily property
- Located near Downtown Fort Lauderdale and Flagler Village
- Zoned RC-15 allowing for redevelopment potential
- Minutes to the beach, retail, dining, and major corridors
Executive Summary
Native Realty is pleased to present an 11-unit multifamily investment opportunity located at 1723 NE 6th Street in Fort Lauderdale. The property consists of approximately 3,983 square feet of improvements situated on a 9,465 square foot lot in a highly desirable and rapidly evolving residential submarket.
The asset features a well-utilized unit configuration with strong in-place rental income and the potential to further increase rents through interior upgrades and operational improvements. The property’s density relative to lot size provides an efficient footprint, maximizing income potential while maintaining manageable scale.
Zoned RC-15, the property allows for multifamily residential use with future redevelopment or density optimization potential, offering investors both immediate cash flow and long-term upside.
Strategically located just minutes from Downtown Fort Lauderdale, Flagler Village, and the beach, the property benefits from strong rental demand driven by proximity to employment centers, dining, retail, and major transportation corridors.
This offering presents an opportunity to acquire a stabilized, income-producing asset with value-add potential in one of Fort Lauderdale’s most active multifamily corridors.
The asset features a well-utilized unit configuration with strong in-place rental income and the potential to further increase rents through interior upgrades and operational improvements. The property’s density relative to lot size provides an efficient footprint, maximizing income potential while maintaining manageable scale.
Zoned RC-15, the property allows for multifamily residential use with future redevelopment or density optimization potential, offering investors both immediate cash flow and long-term upside.
Strategically located just minutes from Downtown Fort Lauderdale, Flagler Village, and the beach, the property benefits from strong rental demand driven by proximity to employment centers, dining, retail, and major transportation corridors.
This offering presents an opportunity to acquire a stabilized, income-producing asset with value-add potential in one of Fort Lauderdale’s most active multifamily corridors.
Property Facts
| Price | $2,200,000 | Building Class | C |
| Price Per Unit | $200,000 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 4,549 SF |
| No. Units | 11 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 1.45/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RC-15 - Mid-Rise Multifamily Medium-High Density | ||
| Price | $2,200,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 4,549 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 1.45/1,000 SF |
| Zoning | RC-15 - Mid-Rise Multifamily Medium-High Density |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | 211 - 400 |
Moderately walkable
70/100
Fairly drivable
50/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 50-42-02-15-2400 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,150,440 |
Property Taxes
Parcel Number
50-42-02-15-2400
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,150,440
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1723 NE 6th St