$1,299,000
 $6,973 est/mo Sourced by Back At You

1634 NE 4th Place,Fort Lauderdale, FL 33301

Fort Lauderdale, FL 33301

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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.

Details

MLS #A12048001
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1966
Days On Site65
Listing Provided ByCompass Florida, LLC | Nicole Murray Chen

Features

SQ Feet2,779
Story(s)1
Units4
ZoningRC-15
Acreage6250.00

Exterior

Lot FeaturesInterior Lot

Taxes

Tax Annual Amount23972

Area Information

StateFL
CountyBroward
CityFort Lauderdale
Zip Code33301
Area3270
SubareaFTNE Ft Lauderdale NE (3240 3270;3350 3380;3440 3450;3700)
Community NameMIDDLE RIVER PARK
Listing VS Median (in MIDDLE RIVER PARK)
Price:
$1,299,000
low | high
Med:
$1,244,500
54.195535026944% of Average
sqft:
2,779
low | high
Med:
3,135
37.189636559914% of Average
$ / sqft:
$467
low | high
Med:
$404
63.53749408189% of Average
On site:
65
low | high
Med:
40
100% of Average
Sourced by Back At You

Market Activity 33301

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Contact

Learn More About This Property

Michelle VanHoose

Michelle VanHoose

Coldwell Banker Schmitt

SL3562292 (734) 787-8414mvanhoose@cbschmitt.com
StateFL
CountyBroward
CityFort Lauderdale
Zip Code33301
Area3270
SubareaFTNE Ft Lauderdale NE (3240 3270;3350 3380;3440 3450;3700)
Community NameMIDDLE RIVER PARK
Listing VS Median (in MIDDLE RIVER PARK)
Price:
$1,299,000
low | high
Med:
$1,244,500
54.195535026944% of Average
sqft:
2,779
low | high
Med:
3,135
37.189636559914% of Average
$ / sqft:
$467
low | high
Med:
$404
63.53749408189% of Average
On site:
65
low | high
Med:
40
100% of Average
Sourced by Back At You
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Listing Updated: September 3, 2026 at 4:03:00 AM PDT