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1634 4th Pl, Fort Lauderdale, FL 33301
Offering:
For Sale
Location:
Fort Lauderdale, FL 33301
Subdivision:
MIDDLE RIVER PARK
Status:
Active
$1,299,000
Details
Year built:
1966
Levels:
One
Stories:
1
Parking:
5 spaces
Style:
Fourplex
Condition:
Updated Remodeled
Days on market:
55
Annual tax (2025):
$23,972
Type:
Quadruplex
MLS ID
A12048001
Virtual tour:
Listed by:
Compass Florida, LLC (COMP16)
Listing office phone:
Listing office email:
Listing agent:
Nicole Murray Chen (3159027)
Features
Utilities
Available:
Cable Available
Sewer:
Public Sewer
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.
Price history
$1,290,000 → $1,299,000
·
Increased by
$9,000 (0.7%) · 3 price changes
Location
1634 NE 4th PlFort Lauderdale, FL 33301
MLS information
Last updated Aug 31, 2026
Deemed reliable but not guaranteed.
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