637 NE 4th Avenue, Fort Lauderdale, FL 33304
$3,749,000
Property Type:
Commercial Sale
Square Footage:
10,057
Status:
Active
Current Price:
$3,749,000
List Date:
11/28/2025
Last Modified:
6/15/2026
Overview
Description
...
(Read more)
New Pricing, Seller is motivated! Recently appraised at $3.86M, not including furniture and improvements! Discover an exceptional investment opportunity in the heart of Downtown Fort Lauderdale. This new-construction 9-unit multifamily property (built in 2022) offers strong performance, modern finishes, and unmatched flexibility for both short-term and long-term rental strategies.Currently operated as a high-performing Airbnb with 81% occupancy, the property boasts 1,000+ five-star reviews and an impressive 4.8 host rating. The entire Airbnb business profile can be transferred to the buyer, allowing you to step into a fully automated, hassle-free operation and start collecting rental income from Day 1.Investors seeking long-term stability also have the option to convert the property to traditional rentals, achieving a 5%+ cap rate with minimal effort.Additional highlights:- 6% cap rate based on current short-term rental operations- Built in 2022 — modern, low-maintenance construction- Turnkey, all furniture, fixtures, and improvements includedWhether you're looking for reliable cash flow, ease of ownership, or prime real estate in an A+ location, this property delivers exceptional value.
Listing Details MLS# A11922150
General Property Information
- Number Of Buildings
- Yes
- Property Sub Type
- Multi Family
- Number Of Units Total
- 2
- Occupant Type
- Tenant
- Building Area Main
- 10057
- Year Built
- 2023
- Lot Size Area
- 6750
- Lot Size Acres
- 0.15
- Stories Total
- 3
Property Features
Documents Available:
Inventory; Rent Rolls
Flooring:
Concrete; Laminate; Vinyl
Heating:
Electric
Parking Features:
Covered; Free; Ground Level
Possession:
Close Of Escrow
Sale Includes:
Building; Business; Furniture; Land; License
Source Of Expenses:
Books
Construction Materials:
CBS
Cooling:
Central Individual
Listing Terms:
Cash; Conventional
Security Features:
Fire Alarm; Fire Sprinkler System; Smoke Detector(s)
Sewer:
Public Sewer
Special Information:
Flood Zone; Corporate Owned
Water Source:
Public
Contract Information
- Comp Sale YN
- No
- Original List Price
- 3990000
Location and Legal
- Country
- United States
- County Or Parish
- Broward
- County Parish Name
- Broward
- Street Number
- 637
- Street Direction Prefix
- NE
- Street Name
- 4th
- Street Suffix
- Avenue
- City Name
- Fort Lauderdale
- State Or Province
- FL
- Postal Code
- 33304
- Postal Code +4
- 4995
- Area
- 3700
- Geographic Area
- FTNW - Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
- Parcel Number
- 494234075390
- Subdivision Number
- 7
- Zoning
- RAC-UV
- Flood Zone
- AE
- Directions
- Follow GPS.
Financial Information
- Tax Annual Amount
- 54940
- Tax Year
- 2025
- Tax Legal Description
- PROGRESSO 2-18 D LOT 4,5 BLK 316
Status Change Information
- Major Change Timestamp
- 2026-06-15T05:15:57Z
- Major Change Type
- Back on Market
- Price Change Timestamp
- 2026-03-16T20:21:59Z
- Status Change Date
- 2026-06-15
More Information
Description of Unit Type 1
- Unit Type
- 1 Bedroom
- Units Total
- 2
- Furnished
- Yes
Description of Unit Type 2
- Unit Type
- Suite(s)
- Units Total
- 7
- Furnished
- Yes
Price Calculations
- Current Price To SqFt
- 372.77
Section Details
- Parcel Number MLX
- 5390
Originating Details
- Originating System Key
- 423733062
- Originating System ID
- M00000151
Office/Member Information
- DXORIGMLSID
- SEF
Flooring
- Concrete
- Yes
- Laminate
- Yes
- Vinyl
- Yes
Parking Features
- Covered
- Yes
- Free
- Yes
- Ground Level
- Yes
Documents Available
- Inventory
- Yes
- Rent Rolls
- Yes
Possession
- Close Of Escrow
- Yes
Sewer
- Public Sewer
- Yes
Special Information
- Flood Zone
- Yes
- Corporate Owned
- Yes
Heating
- Electric
- Yes
Sale Includes
- Building
- Yes
- Business
- Yes
- Furniture
- Yes
- Land
- Yes
- License
- Yes
Construction Materials
- CBS
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Security Features
- Fire Alarm
- Yes
- Fire Sprinkler System
- Yes
- Smoke Detector(s)
- Yes
Water Source
- Public
- Yes
Source Of Expenses
- Books
- Yes
Cooling
- Central Individual
- Yes
Listing Office:
Lokation
Last Updated: June - 15 - 2026
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