Gala Real Estate & Development is pleased to present a Prime Investment Opportunity in Fort Lauderdale – Multifamily Property with Future Development Potential Welcome to 1708 NE 20th Ave, Fort Lauderdale, FL 33305, a rare gem offering an unbeatable combination of location, income potential, and development opportunity. Property Overview: Unit Mix: 7 units with 1 Bed/1 Bath, 1 unit with 2 Beds/2 Baths Parking: 13 spaces The electrical service was upgraded Coin Laundry 40-year recertification + 10 Years Building safety inspections done. Old roof, old windows. AS-IS. Cash only. 6.5% CAP RATE! Built-in 1958, this well-maintained 8-unit multifamily property offers consistent rental income with potential for rent growth in one of Fort Lauderdale’s most sought-after neighborhoods. Zoned RM-25, the lot presents a rare opportunity for future development, including the possibility of building up to four large townhouses. Location, Location, Location! Situated in Poinsettia Heights, a quiet and upscale residential neighborhood known for its convenient access to all of Fort Lauderdale’s amenities. Walking distance to top-tier restaurants, shops, and supermarkets like Whole Foods, Trader Joe's, Wild Fork, and Publix. A short drive to The Galleria Mall, Downtown Fort Lauderdale, and the beach. Ideal for tenants seeking suburban tranquility with city conveniences, making it perfect for long-term renters. Whether you're looking for a solid investment with steady returns or a property with development potential, this multifamily asset offers both. Don’t miss out on this chance to own a slice of one of South Florida’s fastest-growing markets. Contact us today for more details and to schedule a private viewing!