610 & 622 NE 1st Ave

Immerse yourself in the vibrant surroundings of Fort Lauderdale, where the property is ideally situated for Multifamily or High-Rise investment. The area is brimming with attractions, including the upscale shops and restaurants of Las Olas Boulevard, the dynamic entertainment of the Riverwalk District, and the cultural treasures of the NSU Art Museum and Broward Center for the Performing Arts. With easy access to major highways and international airports, the location offers a perfect blend of urban convenience and coastal allure, making it a compelling choice for investors seeking a prime and sought-after setting in South Florida.Native Realty is pleased to present a 28-unit, two-parcel multifamily investment and redevelopment opportunity at in Fort Lauderdale. It is located near major thoroughfares including Federal Highway, Broward Boulevard, and Sunrise Boulevard, the property offers excellent connectivity to the broader Fort Lauderdale market, including Las Olas Boulevard, Brightline, and the beach. With tenancy in place across both parcels, the offering provides immediate, stabilized income to support carrying costs during the entitlement and redevelopment process. Units feature functional layouts with updated interiors in select residences, offering near-term upside through continued interior improvements to grow rental income. The property includes on-site parking and a secured courtyard-style layout supporting strong tenant retention and day-to-day operations. The assets are positioned in one of city's most rapidly transforming areas, surrounded by multiple newly delivered and actively under-construction high-rise developments. Zoned RAC-UV (Regional Activity Center – Urban Village), the site allows for increased density and redevelopment flexibility, making this an attractive long-term hold with potential upside through repositioning or future redevelopment. This is a rare opportunity to acquire two contiguous parcels with income in place, redevelopment zoning, and a high-rise growth story already underway on all sides.