4825 NE 23rd Ave #1-7, Fort Lauderdale, FL 33308 - Photo 1

1/1

$1,640,000

Sold
Closed
Commercial Multi-Family

1/1

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.

Full Property Details

Full Property Details for 4825 NE 23rd Ave #1-7

General

Sold For: $1,640,000
Taxes: $29,759 (2025)
Status: Closed
Type: Commercial Multi-Family
Source: Greater_Miami
MLS ID: A11975188
Added to Site: 29 day(s) ago

Business

Business Type: Residential-Multi-Family

Rental Information

Lease/Rent Term: Month To Month

Interior

Flooring: Tile

Parking

Total Spaces: 13
Parking Features: Common

Location

County: Broward County
Driving Directions: Use
Dist. to Freeway: 2

Community

Units Assoc/Comm: 7

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Wall/Window Unit(s)
Heating Type: Central Electric, Wall/Window Units

Utilities

Sewer: Public Sanitation

Structural Information

# Buildings: 1
Detached/Attached: Detached
Construction: Concrete Block Construction, CBS Construction
Roof: Barrel Roof
Windows: Complete Impact Glass
Stories/Levels: 1
Building Size: 5409
Current Bldg. Use: Income Non-Waterfront
Year Built: 1961
Other Struct. Feat.: Laundry Facilities, Storage

Unit Information

Units in Complex: 7

Lot Features

Lot Size (Sq. Ft.): 13,995
Potential Use: Unknown/Withheld
Zoning: RMM-25

Financial Considerations

Tax Amount: $29,759
Tax Year: 2025
Terms: All Cash, Conventional/Refinance
Tenant Pays: Electricity

Disclosures and Reports

Special Conditions: Sale
Documents Avail.: Aerial Photo(S), Owner Managed, Rent Rolls
Legal Description: CORAL RIDGE COUNTRY CLUB ADD NO 1 40-18 B LOT 12 BLK 4
Inclusions: Building & Land, Leases
Property ID: 494224080860

Listed by Douglas Elliman
Sold by Douglas Elliman

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— 4825 NE 23rd Ave #1-7 —

Douglas Elliman
Douglas Elliman

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Schools

Schools serving 4825 NE 23rd Ave #1-7

School District:Broward County School District

Name	Grades	Distance
Bennett Elementary School 1755 Northeast 14th Street, Fort Lauderdale, FL 33304	K-5	2.9 mi
Sunrise Middle School 1750 Northeast 14th Street, Fort Lauderdale, FL 33304	6-8	3 mi
Fort Lauderdale High School 1600 Northeast 4th Avenue, Fort Lauderdale, FL 33305	9-12	3.1 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4825 NE 23rd Ave #1-7

Date

Details

Price

Change

Source

3/31/2026

Sold

$1,640,000

-2.96%

MLS

3/03/2026

Listed

$1,690,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Beds
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Sq. Ft.

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Total Baths
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4825 NE 23rd Ave #1-7, Fort Lauderdale, FL 33308 (MLS# A11975188) is a Commercial Multi-Family property that was sold at $1,640,000 on March 31, 2026. Want to learn more about 4825 NE 23rd Ave #1-7? Do you have questions about finding other Commercial Multi-Family real estate for sale in Fort Lauderdale? You can browse all Fort Lauderdale real estate or contact a Coldwell Banker agent to request more information.

4825 NE 23rd Ave #1-7 Fort Lauderdale, FL 33308