1634 NE 4th Place, Fort Lauderdale, FL 33301
- $1,299,000
- 2,779
- SqFt
- List Price
- $1,299,000
- Price Change
- ▼ $76,000 1787362797
- Days on Market
- 59
- MLS#
- A12048001
- Sq. Ft
- 2,779
- Subtype
- Quadruplex
- County
- Broward
- Subdivision
- Middle River Park
- Year Built
- 1966
Property 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.
Additional Information
- Construction
- Block
- Cooling
- Central Air, Ceiling Fan(s), Wall/Window Unit(s)
- Flooring
- Tile
- Heating
- Separate Meters, Wall Furnace
- Roof
- Shingle
- Taxes
- $23,972
- Utilities
- Cable Available
- Stories
- 1
- Price Per Sqft
- $467
- Elementary School
- Harbordale
- Middle School
- Sunrise
- High School
- Fort Lauderdale
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Listing courtesy of Compass Florida, LLC. Contact:
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Nicole Murray Chen | Email: Nicole@nicolemurraychen.com