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 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.
- Heating System
- Cooling System
- Security
- Parking Features
- Sewer
- State:
- FL
- County:
- Broward
- City:
- Fort Lauderdale
- Zipcode:
- 33304
- Street:
- 637 Ne 4th Ave, Fort Lauderdale, Florida 33304
- Longitude:
- W81° 51' 23.8''
- Latitude:
- N26° 7' 20.3''
- Building Area:
- 10,057 Sqft
- Construction Materials:
- Block
- Cumulative DOM:
- 71
- DOM:
- 74
- Directions:
- Follow GPS.
- Flooring:
- Vinyl, Laminate, Concrete
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lease Term:
- Other
- Listing Terms:
- Cash, Conventional
- Parcel Number:
- 494234075390
- Structure Type:
- Apartment
- Tax Annual Amount:
- $54,940
- Tax Year:
- 2025
- Virtual Tour:
- Click Here
Commercial Sale For Sale
637 Ne 4th Ave, Fort Lauderdale, Florida 33304, Fort Lauderdale, Florida 33304
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $3,790,000
- Year Built :
- 2023
- Lot Area :
- 6,750 Sqft
- MLS # :
- A11922150
- Property Sub Type :
- Multi Family
