Exceptional cash-flowing fourplex featuring a rare 3-bedroom owner’s suite, offering a massive value-add opportunity for investors and owner-occupants. The property currently generates a secured $4,594 per month from just two units: Unit 2 has a stable Section 8 tenant at $2,394/month, and Unit 1 features a newly signed lease at $2,200/month commencing October 1st. The immediate upside lies in the remaining two vacant units. Unit 3 is a 1-bedroom layout with a proven track record as a successful short-term rental, historically grossing up to $3,000/month during peak summer months (conservatively projected at $2,200/month annually). Unit 4 is a highly desirable 3-bedroom suite projected at $4,000/month, perfect for an owner-occupant looking to live on-site while the other three units cover the operating costs. At full market stabilization, the projected gross annual income exceeds $129,000. The building features solid physical updates throughout, making the units highly leasable and easy to maintain. Please note: The property is being sold strictly as-is. The buyer will be required to assume an open municipal permit file and sign a hold-harmless agreement at closing. The recent price reduction directly reflects this requirement, leaving ample room for a cash buyer to clear the permits and stabilize the asset for a premium yield.
- Swimming Pool
- Heating System
- Cooling System
- Patio:
- Patio
- Architectural Style
- Roof:
- Shingle
- Sewer
- State:
- FL
- County:
- Broward
- City:
- Fort Lauderdale
- Zipcode:
- 33301
- Street:
- 1634 Ne 4th Pl, Fort Lauderdale, Florida 33301
- Longitude:
- W81° 52' 23.2''
- Latitude:
- N26° 7' 39.1''
- Building Area:
- 2,779 Sqft
- Construction Materials:
- Block
- Cumulative DOM:
- 53
- DOM:
- 53
- Exterior Features
- Flooring:
- Tile
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lot Features
- Parcel Number:
- 504202100672
- Subdivision Name:
- MIDDLE RIVER PARK
- Tax Annual Amount:
- $23,972
- Utilities
- Virtual Tour:
- Click Here
- Window Features:
- Impact Glass
Residential Income For Sale
1634 Ne 4th Pl, Fort Lauderdale, Florida 33301, Fort Lauderdale, Florida 33301
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,299,000
- Square Footage :
- 2,779 Sqft
- Year Built :
- 1966
- MLS # :
- A12048001
- Property Sub Type :
- Quadruplex
