637 NE 4th Avenue, Fort Lauderdale, FL 33304

Listing Snapshot

About This Home

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 includedWhether you're looking for reliable cash flow, ease of ownership, or prime real estate in an A+ location, this property delivers exceptional value.

General Features

Property Type

CommercialSale

Sub-type

MultiFamily

Stories

3

Parking

Covered,FreeParking

Zoning

RAC-UV

Security

FireAlarm,FireSprinklerSystem,SmokeDetectors

Interior Features

Flooring

Concrete,Laminate,Vinyl

Heating

Electric

Cooling

CentralAir

Exterior Features

Construction

Block

Community Features

MLS Area

3700

Map

Virtual Tour