637 NE 4th Ave
637, 4th Ave, Fort Lauderdale, FL, 33304Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- 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
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
Ask our real estate expert about this property
This Multifamily-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.