$1,350,000

Price reduced

634 SW 4th Avenue #1-2, Fort Lauderdale FL 33315

1,658 sq ftBuilt 1970MLS# B26021184

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About this property

THE SITE: Two contiguous parcels (Folios 504210015131 & 504210015132) totaling 12,500 SF in Fort Lauderdale's New River South corridor. 100 ft wide × 125 ft deep across two contiguous lots. Rear alley may provide vehicle access — subject to pre-development review with City transportation engineer. THE ZONING: RAC-SMU (Regional Activity Center — Southwest Mixed Use) is one of Fort Lauderdale's most flexible designations. The property's RAC Future Land Use designation may provide eligibility under Florida's Live Local Act (SB 102) — buyers and their counsel are encouraged to inquire directly with the City. THE INCOME: Two existing duplexes generate $7,200/month in rental income — $3,800 from 634 SW 4th Ave and $3,400 from 638 SW 4th Ave. Existing tenancies provide cash flow during the permitting and pre-construction period — a real advantage over vacant land. THE MARKET: New construction townhomes in the Tarpon River / New River South corridor are actively trading between $875,000 and $1,100,000+. Double-digit year-over-year price appreciation. Strong demand from both end-users and developers. Contact the listing agent directly. Inquire about Live Local Act eligibility. Minutes to Las Olas, I-95, FLL & beaches. Sold as-is.

Property details

Property type
Multi-family
Year built
1970
Living area
1,658 sq ft
Price per sq ft
$814
Property taxes
$9,224/yr
Building / community
Ft Lauderdale B-40
Status
Price reduced
MLS #
B26021184

Listing courtesy of The Keyes Company.

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