637 NE 4th Ave, Fort Lauderdale, FL, 33304
2023
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 included Whether you're looking for reliable cash flow, ease of ownership, or prime real estate in an A+ location, this property delivers exceptional value.
Status:
Active
Type:
Commercial
Units:
9
Zoning:
RAC-UV
Garage:
Covered, Free Parking, Garage
Heating:
Central, Electric
Cooling:
Central Air
Energy Features:
HVAC
Est. Taxes:
$54,940
Construction
Block
Lease Term Type:
Other
MLS #:
A11922150
Community Info
School Info
Walk Score
Yelp
Similar Properties
New or Coming Soon Properties
Listing courtesy of LOKATION 954-545-5583