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724-730 NE 3rd Ave, Fort Lauderdale FL 33304 724 NE 3rd Ave 8 Unit Apartment Building $3,125,000 ($390,625/Unit) Fort Lauderdale, FL 33304
INVESTMENT HIGHLIGHTS
- Two Parcel Assemblage
- Option to Acquire Neighboring Parcels as Well
- 28 Units Can Be Built By Right
EXECUTIVE SUMMARY
Situated in the heart of Flagler Village, this rare two-parcel assemblage offers an exceptional development opportunity on one of the neighborhood’s busiest and most prominent corridors. With a total land size of 15,625 SF (0.36 acres), the property benefits from a massing study confirming at least 28 units can be built by right, making it an ideal site for multifamily or mixed-use development.
Flagler Village is one of Fort Lauderdale’s most sought-after urban neighborhoods, experiencing explosive growth with new residential, retail, and cultural projects. According to recent RentCafe data, Fort Lauderdale ranks as Florida’s #1 rental market and continues to have strong demand for housing.
The current property includes:
* 730 NE 3rd Ave: Seven existing apartments (fully leased) providing immediate income.
* 724 NE 3rd Ave: A two-bedroom home with a large yard (owner occupied).
This is a rare chance to secure a high-exposure development site in one of South Florida’s fastest-growing submarkets.
Listing is for parcels #494234072060 & 494234072070
This listing may be purchased separately or as part of a larger 1-acre assemblage opportunity on the block.
Flagler Village is one of Fort Lauderdale’s most sought-after urban neighborhoods, experiencing explosive growth with new residential, retail, and cultural projects. According to recent RentCafe data, Fort Lauderdale ranks as Florida’s #1 rental market and continues to have strong demand for housing.
The current property includes:
* 730 NE 3rd Ave: Seven existing apartments (fully leased) providing immediate income.
* 724 NE 3rd Ave: A two-bedroom home with a large yard (owner occupied).
This is a rare chance to secure a high-exposure development site in one of South Florida’s fastest-growing submarkets.
Listing is for parcels #494234072060 & 494234072070
This listing may be purchased separately or as part of a larger 1-acre assemblage opportunity on the block.
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 49-42-34-07-2070 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $473,860 |
PROPERTY TAXES
Parcel Number
49-42-34-07-2070
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$473,860
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724-730 NE 3rd Ave, Fort Lauderdale FL 33304 | 724 NE 3rd Ave
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