$2,940,00074 days on marketActive

1111 SW 4th Street, Fort Lauderdale, FL 33312

Fort Lauderdale, FL 33312

Sq Ft

1976

Year Built

0.4 acres

Lot Size

Listing Snapshot

List Price	$2,940,000
Beds	0
Baths	0
Living Area	0 sqft
Lot Size	0.4 acres

Year Built	1976
Property Tax	$37,280/yr
MLS #	1154841615
Status	Active
Days on Market	74

About This Home

Exceptional multifamily opportunity in the highly desirable Sailboat Bend area of Fort Lauderdale. This 17,499 SF lot (0.40 acres) is zoned RML-25 with Medium-High Density Future Land Use designation — zoning and FLU are aligned, providing long-term redevelopment clarity and stability.The property is currently improved with a 12-unit multifamily building totaling 7,839 SF, originally built in 1976 and actively operating as an income-producing asset. The existing improvements present immediate cash flow potential with value-add upside through renovation, repositioning, or strategic redevelopment.RML-25 zoning allows up to 25 units per acre. Density calculations indicate approximately 10 units by right on a 0.40-acre lot; however, the existing 12-unit configuration may benefit from legal non-conforming or grandfathered status based on original approvals. Buyers should independently verify redevelopment potential and density allowances.Permitted typologies under RML-25 include multifamily, duplex, townhouse group, cluster dwellings, zero lot line, and hotel use (where applicable). Property is located within the NDCR Overlay and FEMA AE flood zone (BFE 6 ft).Prime location minutes from Downtown Fort Lauderdale, Las Olas, major transportation corridors, and ongoing redevelopment activity.Ideal for investors seeking stabilized income with long-term redevelopment optionality.