1634 NE 4th Pl, Fort Lauderdale, FL 33301

About This Home

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.

Property Details

Flooring

Tile

Heating

Window/Wall

Cooling

Ceiling Fan(s), Central Air, Wall/Window Unit(s)

Property Condition

Completely Renovated, Substantially Remodeled

Building & Association

Building Name

MIDDLE RIVER PARK

Stories

1

Stories Total

1

Association

No

Lot & Construction

Lot Features

Less Than 1/4 Acre Lot, East Of US 1, Interior Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

CBS Construction

Roof

Shingle

New Construction

No

Public Records

Parcel Number

504202100672

Tax Annual Amount

$23,972

Tax Year

2,025

Zoning

RC-15

County Or Parish

Broward County

Location