Description from Fannie Mae HomePath
1730 NE 7th St, Fort Lauderdale, FL 33304. built 1961. 6,634 sq ft lot. Prime Victoria Park Multifamily | Legal 5-Unit Turnkey Short-Term Rental Investment Rare opportunity to acquire a legal 5-unit multifamily building in the heart of Victoria Park, one of Fort Lauderdale's most desirable and supply-constrained neighborhoods. RCs-15 zoning severely restricts new multifamily construction, making existing income-producing properties like this increasingly rare and difficult to replace. This two-story building features a strong unit mix with 3 large 1-bedroom units, 1 spacious studio, and 1 very large 2-bedS/ 1-bath unit. All 5 legal units were fully renovated in 2024, including updated kitchens, bathrooms, flooring, and comprehensive interior upgrades. Full impact windows are installed throughout all units, enhancing safety, insurability, and long-term value. The property generated over $180,000 in gross income in 2025 and is currently operated as a short-term rental business. The existing short-term rental operation is included in the sale, and the property is offered fully furnished and equipped, allowing immediate continuation of operations upon closing. Additional features include a 6,633 SF lot, 6 on-site parking spaces, a separate exterior coin-operated laundry room, and six individual electrical meters (1 per legal unit) plus an additional house meter. A true turnkey, legal multifamily investment in a prime location where new commercial and multifamily development is no longer permitted, supporting long-term cash flow and appreciation.
