637 NORTH EAST 4TH AVE, Fort Lauderdale
$3,749,000 USD
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| Address | 637 NORTH EAST 4TH AVE, Fort Lauderdale |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments, Commercial / Residential Income |
| Price | $3,749,000 |
| Previous Price | $3,790,000 (16 days ago) |
| Property Status | Active |
| MLS Number | A11922150 |
| Property Size | 6750 |
| Lot Size | 6750 |
| Year Built | 2023 |
| Folio Number | 494234075390 |
| Zoning Information | RAC-UV |
| Days on Market | 124 |
Detailed Description: New Pricing, Seller is motivated! Recently appraised at $3.86M, not including furniture and improvements! Discover an exceptional investment opportunity in the heart of Downtown Fort Lauderdale. This new-construction 9-unit multifamily property (built in 2022) offers strong performance, modern finishes, and unmatched flexibility for both short-term and long-term rental strategies. Currently operated as a high-performing Airbnb with 81% occupancy, the property boasts 1,000 + five-star reviews and an impressive 4.8 host rating. The entire Airbnb business profile can be transferred to the buyer, allowing you to step into a fully automated, hassle-free operation and start collecting rental income from Day 1. Investors seeking long-term stability also have the option to convert the property to traditional rentals, achieving a 5% + cap rate with minimal effort. Additional highlights: – 6% cap rate based on current short-term rental operations – Built in 2022 — modern, low-main
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Address Information
| State | Florida |
| City | Fort Lauderdale |
| County | Broward County |
| Zip Code | 33304 |
| Address | 637 NORTH EAST 4TH AVE |
| Section | 34 |
| Zip Code (4 Digits) | 4995 |
Financial Information
| Price | $3,749,000 |
| Price per Foot | $0 |
| Previous Price | $3,790,000 |
| Folio Number | 494234075390 |
| Tax Amount | $54,940 |
| Tax Year | 2025 |
Full Descriptions
| Detailed Description | New Pricing, Seller is motivated! Recently appraised at $3.86M, not including furniture and improvements! Discover an exceptional investment opportunity in the heart of Downtown Fort Lauderdale. This new-construction 9-unit multifamily property (built in 2022) offers strong performance, modern finishes, and unmatched flexibility for both short-term and long-term rental strategies. Currently operated as a high-performing Airbnb with 81% occupancy, the property boasts 1,000 + five-star reviews and an impressive 4.8 host rating. The entire Airbnb business profile can be transferred to the buyer, allowing you to step into a fully automated, hassle-free operation and start collecting rental income from Day 1. Investors seeking long-term stability also have the option to convert the property to traditional rentals, achieving a 5% + cap rate with minimal effort. Additional highlights: – 6% cap rate based on current short-term rental operations – Built in 2022 — modern, low-main |
| How to Reach | Follow GPS. |
| Floor Description | Concrete, Vinyl |
| Cooling Description | Central Individual A / C |
| Heating Description | Central Electric |
| Water Description | Public |
| Sewer Description | Public Sanitation |
| Parking Description | Covered, Free Parking, Garage |
Property parameters
| Living Area | 6750 |
| Lot Size | 6750 |
| Total Acreage | 0.000 |
| Zoning Information | RAC-UV |
| Maximum Leasable Size | 6750 |
| Year Built | 2023 |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments, Commercial / Residential Income |
| Construction Type | CBS Construction |
| Stories Number | 3 |
| Street Direction | North East |
| Listed with | Lokation |