735 & 745 NE 5th Avenue

Description:

This 15-unit multifamily assemblage is located in Fort Lauderdale's thriving Flagler Village, just blocks from Las Olas Blvd and Downtown. It includes twelve 1-bed/1-bath units and three 2-bed/1-bath units, ideal for strong rental demand. Surrounded by new restaurants, retail, and over $2B in nearby developments, the area continues to see rapid growth. The property offers stable occupancy, immediate cash flow, and long-term upside through operational improvements or redevelopment. Zoned for high-density multifamily and mixed use, it presents a rare covered land play in one of the city's most in-demand rental markets.