637 NE 4th Ave - Apartments FOR SALE


Fort Lauderdale, FL 33304- Flagler Heights | 
$3,700,000 USD
954-610-0440
637 NE 4th Ave, Fort Lauderdale, FL for Sale
$3,700,000 USD
Apartments - FOR SALE
1/37
null | 6.3% Cap Rate

637 NE 4th Ave
Fort Lauderdale, FL 33304
Flagler Heights


HIGHLIGHTS

  • 9-Unit Multifamily
  • Existing AIRBNB performing asset
  • Located in the urban core of Fort Lauderdale/Flagler Village

OVERVIEW

Art Lofts is a nine-unit multifamily property built in 2022, located in the MASS District of Flagler Village in Downtown Fort Lauderdale. The unit mix consists of seven studios and two one-bedroom units with modern finishes throughout. PROPERTY HIGHLIGHTS 9-Unit Multifamily Investment in Fort Lauderdale’s Flagler Village / MASS District Built in 2022 – modern construction with minimal near-term capital requirements Unit Mix: 7 studios + 2 one-bedroom units The property currently operates as a furnished short-term rental, producing a 6% cap. Prime Downtown Fort Lauderdale Location with strong walkability to dining, retail, entertainment, and employment rate on trailing operations with 81% occupancy. The existing hospitality business, including the operating profile and review history, is available to transfer with the sale. The o?ering is turnkey. All furniture, fixtures, and improvements are included. 2022 construction means no near-term capital requirements. Flagler Village is Fort Lauderdale's core urban submarket, surrounded by Class A institutional ownership and characterized by strong walkability, established retail and dining, and sustained rental demand. Art Lofts represents one of the few small-scale, individually ownable assets in the district

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$368 USD /SF

# OF UNITS

9

PRICE/UNIT

$411,111

CAP RATE

6.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,750 SF

ZONING

RAC-UV

APN/PARCEL ID

49-42-34-07-5390

ASK ABOUT THIS PROPERTY

Adam DocktorNative Realty Co.More Info
954-610-0440

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Adam DocktorNative Realty Co.More Info
954-610-0440

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.