South Middle River Villas

1034 NW 3rd Ave, Fort Lauderdale, FL 33311

  • For Sale $749,900
  • Property Type Multi-Family
  • Property Size 2,586 SF
  • Units 5
  • Lot Size 0.15 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1969
  • Date Updated Nov 1, 2024
Discover the allure of Fort Lauderdale's South Middle River Villas, a prime investment opportunity in the thriving Ft. Lauderdale-Miami Dade-WPB Metropolitan Statistical Area (MSA). This prime location is in close proximity to top economic drivers, making it highly attractive to South Florida multifamily investors. The property offers easy access to renowned destinations such as Las Olas Boulevard, Riverwalk, and nearby beaches, as well as a multitude of dining and entertainment options. The region’s strong population growth and high demand for rental housing make it a compelling investment in one of Florida's most desirable communities. Located within Fort Lauderdale city limits, home to approximately 200,000 residents, South Middle River Villas benefits from the dynamic redevelopment of neighborhoods like Flagler Village, Riverwalk, Riverfront, Fat City, and Progresso Village. These areas are being revitalized through aggressive initiatives supported by a highly active Community Redevelopment Agency (CRA). Millions of square feet are under construction, featuring an abundance of Class A residential apartments and multiple retail centers. Fort Lauderdale is recognized globally as a city on the rise, making it a premier market for real estate investment. South Middle River Villas is strategically situated along the Broward Blvd corridor, just north of the world-famous Las Olas Blvd and the burgeoning River Walk area. Known as the "Venice of America," Fort Lauderdale boasts 165 miles of inland waterways and is renowned as the "Yacht Capital of the World," attracting the greatest collection of multi-million dollar yachts globally. Port Everglades, generating more than $29 billion in annual business and directly impacting 11,000 jobs, contributes significantly to the local economy. The area supports various maritime industries, including shipbuilding, repairs, parts manufacturing, and retail, providing quality jobs for residents. Additionally, numerous corporate headquarters within a five-mile radius, such as AutoNation, Chewy, Citrix, Spirit Airlines, Zimmerman Advertising, Seacor, and Mednax, offer excellent employment opportunities for residents of Fort Lauderdale.

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Highlights

  • Attractive Value Add Opportunity via Renovations
  • Current Rent Well Below Market w/ Long Term Tenancy
  • All Units Suited with Wall/Window A/C Units
  • Zoning: RMM-25 Short Term Rental Allowed Buyer to Verify
  • Located in the CRA Path of Progress (Community Redevelopment Agency)
  • Roof: Last Permit Re-Roof 2004 per Lauderbuild Public Records
  • Electric Meters: 5 Per Seller
  • Laundry: No On Site Facilities
  • +/- 1.45 Miles from Las Olas Blvd
  • +/- 2.75 Miles from Fort Lauderdale World's Famous Beach
  • +/- 4.11 Miles from Fort Lauderdale-Hollywood International Airport
  • Income Producing Unit Mix: (4) 1/1, (1) Studio

Contacts

broker

Steven Paulsen

Open Market CRE

Location

Getting Around

  • Walk Score ®

    85/100 Very Walkable
  • Transit Score ®

    50/100 Good Transit
  • Bike Score ®

    71/100 Very Bikeable
Powered by Walk Score ®
  • City Fort Lauderdale, FL
  • Neighborhood South Middle River
  • Zip Code 33311
  • Market Fort Lauderdale

Points of Interest

  • Fort Lauderdale

    0.98 miles

  • Esplanade Park

    1.28 miles

  • River House

    1.47 miles

  • Sheridan Street

    7.45 miles

  • Sunoco

    0.42 miles

  • Shell

    0.43 miles

  • Tesla Supercharger

    0.58 miles

  • 7-Eleven

    1.03 miles

  • Speedway

    1.09 miles

  • Mobil

    1.14 miles

  • Marathon

    1.62 miles

  • Sunrise Town Center

    7.04 miles

  • ChargePoint Charging Station

    7.06 miles

  • Publix

    1.10 miles

  • Arts & Science District Garage

    1.17 miles

  • CVS

    1.82 miles

  • Galleria

    1.94 miles

  • East Parking Lot

    1.99 miles

  • Main Office Parking #2

    2.00 miles

  • Main Office Parking Lot #1

    2.02 miles

  • Galleria Parking

    2.12 miles

  • Sebastian Lot (Handicap only)

    2.81 miles

  • Fort Lauderdale Beach Parking

    3.15 miles

  • Courtyard Fort Lauderdale Downtown

    0.67 miles

  • Tru

    0.86 miles

  • Home2 Suites

    0.89 miles

  • Hampton Inn Ft. Lauderdale/Downtown Las Olas Area

    0.94 miles

  • Travelodge Ft. Lauderdale

    0.99 miles

  • The Dalmar, Fort Lauderdale, a Tribute Portfolio Hotel

    1.06 miles

  • Fairfield Inn & Suites Fort Lauderdale Downtown/Las Olas

    1.28 miles

  • Riverside Hotel

    1.48 miles

  • Days Inn by Wyndham Fort Lauderdale Airport Cruise Port

    1.60 miles

  • Clarion Inn Fort Lauderdale

    1.62 miles

  • 925 Nuevo's Cubano's

    0.21 miles

  • Subway

    0.29 miles

  • McDonald's

    0.38 miles

  • Asian Corner Thai Sushi

    0.41 miles

  • Patio Bar & Pizza

    0.42 miles

  • Checkers

    0.43 miles

  • Chick'n Cone

    0.49 miles

  • Poke Lolo

    0.50 miles

  • Fresh Catch Fish & Chicken

    0.55 miles

  • Sistrunk Marketplace & Brewery

    0.56 miles

  • Little Schoolhouse

    0.17 miles

  • Northside Elementary School

    0.25 miles

  • Thurgood Marshall Elementary School

    0.42 miles

  • Grace Brethren Christian School

    0.48 miles

  • Good Day School

    0.63 miles

  • Montessori Learning Center

    0.78 miles

  • Sunland Park Elementary School

    0.81 miles

  • Alpha and Omega Private School

    0.81 miles

  • Cradle Nursery

    0.88 miles

  • Ascension Child Care Center

    0.90 miles

  • New River

    1.01 miles

  • A World Of Discovery Academy

    5.96 miles

  • Learn & Smile Preschool

    6.23 miles

  • Broward Children's Center

    6.88 miles

  • Nob Hill Academy

    8.61 miles

  • Bright Horizons

    9.83 miles

Frequently Asked Questions

How much does South Middle River Villas cost?

The space currently listed for sale at South Middle River Villas asks for $749,900.

What is the total square footage of South Middle River Villas?

South Middle River Villas totals 2,586 square feet.

When was this property built?

South Middle River Villas was built in 1969.

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Contact Listing Broker

broker

Steven Paulsen

Open Market CRE