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828-840 NE 15th Ave
Fort Lauderdale, FL 33304
Victoria Park Townhouse Development Site · Multifamily Property For Sale
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9 Units
Investment Highlights
- Prime location in SE Fort Lauderdale ; infill development site
- Close proximity to downtown Fort Lauderdale, Las Olas Boulevard, the Fort Lauderdale beaches and Holiday Park
- Immediate area undergoing extensive redevelopment of both townhouses and single family homes
- Prime Re-Development Opportunity
Executive Summary
Located in the heart of Fort Lauderdale, the area surrounding the property offers a diverse array of amenities for local residents. Just moments away, the renowned Las Olas Boulevard beckons with its upscale dining, luxury retail, and vibrant cultural scene. The thriving downtown district provides access to business services, dining, and entertainment, while the nearby Riverwalk serves as a scenic backdrop for leisurely strolls and outdoor events. With its proximity to beautiful beaches, parks, and major transportation routes, the location presents an ideal blend of urban accessibility and coastal allure, making it an enticing area for new residential infill development in Fort Lauderdale.
Prime investment opportunity in the sought-after East Fort Lauderdale area, this property boasts RMM-25 zoning, catering to upscale residential townhouse development . The property comprises approximately 20,250 square feet (.467 acres) which allows for the development of up to 8 luxury townhouse units With its strategic positioning in the thriving Victoria Park submarket, this property is a compelling prospect for quality developers seeking to capitalize on the area's residential potential and contribute to its ongoing evolution. Parcel dimensions are approximately 150' wide by 135 ' deep .
Prime investment opportunity in the sought-after East Fort Lauderdale area, this property boasts RMM-25 zoning, catering to upscale residential townhouse development . The property comprises approximately 20,250 square feet (.467 acres) which allows for the development of up to 8 luxury townhouse units With its strategic positioning in the thriving Victoria Park submarket, this property is a compelling prospect for quality developers seeking to capitalize on the area's residential potential and contribute to its ongoing evolution. Parcel dimensions are approximately 150' wide by 135 ' deep .
Property Facts In Escrow
| Price Per Unit | $333,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Sale Condition | Redevelopment Project | Building Size | 6,153 SF |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1951 |
| Property Subtype | Apartment | Parking Ratio | 2.6/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RMM-25 - City of Fort Lauderdale- 25 units/ acre | ||
| Price Per Unit | $333,333 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 6,153 SF |
| No. Stories | 1 |
| Year Built | 1951 |
| Parking Ratio | 2.6/1,000 SF |
| Zoning | RMM-25 - City of Fort Lauderdale- 25 units/ acre |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Attic
Site Amenities
- 24 Hour Access
- Picnic Area
- Pool
- Property Manager on Site
- Walking/Biking Trails
- Sundeck
- Public Transportation
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,455,050 | |
| Land Assessment | $506,250 | Total Assessment | $1,961,300 |
Property Taxes
Parcel Numbers
Land Assessment
$506,250
Improvements Assessment
$1,455,050
Total Assessment
$1,961,300
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