Commercial Real Estate

CommercialSaleMultifamilyFLFort Lauderdale637, 4th Ave, Fort Lauderdale, FL, 33304

637 NE 4th Ave

637, 4th Ave, Fort Lauderdale, FL, 33304
    $3,790,000
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    Basics

    • Category:
    • Type:
    • Status:
    • Bathrooms: 0
    • Floors: 3
    • Lot size: 6750, 6750 sq ft
    • Year built: 2023
    • County: Broward
    • Lease Term: Other
    • MLS ID: A11922150

    Description

    • Description:

      PROGRESSO 2-18 D LOT 4,5 BLK 316 New Pricing, Seller is motivated! 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 included

      Whether you're looking for reliable cash flow, ease of ownership, or prime real estate in an A+ location, this property delivers exceptional value.

      Show all description

    Location

    • Directions: Follow GPS.

    Building Details

    • Structure Type: Apartment
    • Water Source: Public
    • Sewer: PublicSewer
    • Construction Materials: Block
    • Covered Spaces: 0
    • Number Of Buildings: 1
    • Floor covering: , ,

    Amenities & Features

    • Parking Features: Covered,FreeParking,Garage
    • Security Features: FireSprinklerSystem,SmokeDetectors
    • Cooling: CentralAir
    • Heating: Central,Electric

    Expenses, Fees & Taxes

    • Tax Annual Amount: $54,940
    • Tax Year: 2025

    Miscellaneous

    • List Office Name: Lokation
    • Listing Terms: Cash,Conventional
    • Attribution Contact: 786-683-5367

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    This -type commercial real estate is located in 637, 4th Ave, Fort Lauderdale, FL, 33304 was built in 2023, and is listed at $3,790,000.

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