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1026-1044 NW 7th Avenue, Fort Lauderdale, FL, 33311

15beds
5baths
6,024sqft
$2,050,000
$340price/sqft
$15,347/moest. monthly cost
$613,880/yrincome needed

About This Home

Unlock a rare investment opportunity to own five income-producing residential properties spanning approximately 0.93 acres in the heart of downtown Fort Lauderdale. All units are tenant-occupied with month-to-month leases, and each tenant has maintained occupancy for at least one year, providing immediate and consistent cash flow. This versatile portfolio offers multiple value-add possibilities—renovate the existing homes, redevelop the parcels individually, or pursue a larger-scale development project. The property also features an on-site management office for added convenience. With future land use designated as CC-CMU, the site allows for significantly higher-density development, making it an exceptional opportunity for investors and developers looking to capitalize.

Getting Around

80
WalkingVery Walkable
48
TransitSome Transit
64
BikeBikeable

Schools

8/10
4/10
Dillard High SchoolGrades 6-121.6 mi
6/10
Sunrise Middle SchoolGrades 6-81.8 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1949

Materials

  • Roof: Barrel
  • Construction materials: Block

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex,Multi Family,Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 15
  • Bathrooms: 5

Features

  • Flooring: Other

Heating & Cooling

  • Heating features: Electric,Wall Furnace
  • Cooling features: Ceiling Fan(s),Electric,Wall/Window Unit(s)

Interior Area

  • Total structure area: 6,024
  • Total interior livable area: 6,024 sqft

Property

Details

  • Parcel number: 494234050910
  • Zoning: RD-15
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Exterior features: None

Lot

  • Lot size: 0.93 Acres

Parking

  • Total spaces: 10