Property Description

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.

Features
Swimming Pool
Heating System
Cooling System
Patio:
Patio
Architectural Style
Roof:
Shingle
Sewer
Address Map
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''
MLS Addon
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:
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Window Features:
Impact Glass

Residential Income For Sale

1634 Ne 4th Pl, Fort Lauderdale, Florida 33301, Fort Lauderdale, Florida 33301

2,779 Sqft
$1,299,000
MLS # #A12048001
Basic Details
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
Agent info
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