637 NE 4th AVE, Fort Lauderdale, FL 33304
637 NE 4th AVE, Fort Lauderdale, FL 33304
637 NE 4th AVE, Fort Lauderdale, FL 33304
45
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$3,709,000
Est. payment /mo
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10,057 SqFt
Active

637 NE 4th AVE Fort Lauderdale, FL 33304

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Bryan Bergstein

Bryan Bergstein

eXp Realty

+1(561) 562-1356

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,057 sqft

Price per Sqft $368

MLS Listing ID A11922150

HOA Y/N No

Year Built 2023

Annual Tax Amount $54,940

Tax Year 2025

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Multi Family

Property 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-maintenance construction- Turnkey, all furniture, fixtures, and improvements includedWhether you're looking for reliable cash flow, ease of ownership, or prime real estate in an A+ location, this property delivers exceptional value.

Location

State FL

County Broward

Area 3700

Zoning RAC-UV

Interior

Interior Features InteriorFeatures

Heating Electric

Cooling Central Air

Flooring Concrete, Laminate, Vinyl

Fireplace No

Exterior

Parking Features Covered, Free Parking

Water Access Desc Public

Building

Story 3

Sewer Public Sewer

Water Public

Structure Type Block

Others

Tax ID 494234075390

Security Features Fire Alarm,Fire Sprinkler System,Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Corporate Listing

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11922150

BeachesMLS, Inc. (FLR) IDX
Listed by Tingjun Lei Lokation

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Bryan Bergstein

Bryan Bergstein

Team Leader | License ID: 3652438

+1(561) 562-1356

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637 NE 4th AVE