4825 Ne 23rd Ave Unit #1-7, Fort Lauderdale, FL 33308
- $1,640,000
- Sold Price
- $1,640,000
- List Price
- $1,690,000
- Closing Date
- Mar 31, 2026
- MLS#
- A11975188
- Status
- CLOSED
- Type
- Commercial
Property Description
Unlock significant equity in one of Fort Lauderdale’s most sought-after pockets. This 7-unit multifamily asset is the perfect "blank canvas" for an investor looking to capitalize on immediate rental growth or a high-yield hospitality conversion. Current rents are significantly below market. With all tenants on month-to-month leases, a new owner can immediately implement renovations to achieve market-leading ROI. Ideal for a traditional long-term hold or a lucrative Short-Term Rental conversion, given its proximity to the beach and tourist hubs. The 40-year safety certification is complete, offering peace of mind and reducing immediate capital expenditure. Nestled near Coral Ridge Country Club and just minutes from the pristine beaches of Lauderdale-by-the-Sea, major commuter highways, Holy Cross Hospital, within 5–10-minute drive and walking distance to restaurants, shops, schools, and major highways.
Additional Information
- Days on Market
- 8
- Tax Amount
- $29,759
- Water Access
- Building & Land, Leases
- Parcel Number
- 494224080860
- Lot Size
- 13,995
- Directions
- Use
- Address
- 4825 Ne 23rd Ave Unit #1-7, Fort Lauderdale
- Year Built
- 1961
- Section
- 24
Mortgage Calculator
Listing Courtesy of Douglas Elliman, Contact:
Selling Office: Douglas Elliman.