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34296484
34296514

1634 NE 4th Pl, Fort Lauderdale, FL 33301 For Sale

Compass Fort Lauderdale
Listed by Compass Fort Lauderdale
$1,375,000
10 days on market
Updated 4 days ago

MIDDLE RIVER PARK

Details
APN 504202100672
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex (+1)
Square Footage 2,779
Units 4
Pro-Forma Cap Rate 5.97%
Pro-Forma NOI $77,011
Broker Co-Op True
Year Built 1966
Year Renovated 2024
Stories 1
Zoning RC-15
Parking Spaces 5 spaces
Parking per 1,000 SqFt 1.80
Investment Type Value Add

Multifamily | 4 Units

Marketing description

Investor opportunity in Fort Lauderdale! This fourplex features significant interior upgrades, including renovated kitchens and bathrooms, recessed lighting, and a mix of A/C systems. Three 1-bedroom units plus a spacious rear unit configuration. Property is offered 'AS-IS' and is ideal for an experienced investor looking to finalize the compliance process.

Investment highlights

This unique fourplex opportunity in Fort Lauderdale is custom-built for an investor who knows how to monetize a paper-trail problem. The costly, stressful part of a value-add play—managing contractors, demolishing old spaces, and carrying a vacant building—is already 100% complete.

Every single unit features extensive physical interior upgrades, including updated kitchens, renovated bathrooms, and recessed lighting. The mechanical footprint is equally modernized, offering an efficient mix of central A/C and a ductless mini-split system alongside standard cooling options.

Because the physical renovations were completed without final city sign-offs, the property has an open code enforcement case (No. BE25020095) and an active municipal lien. This restriction eliminates standard retail buyers and creates a highly profitable sandbox for cash or hard money investors.

The seller is giving the buyer a massive head start, having already paid $5,000 to a licensed contractor and expeditor to pull the architectural plans and initiate the city compliance tracking process.

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Listing Contacts

Compass Fort Lauderdale
Listed by Compass Fort Lauderdale

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Additional Information

Name
Nicole Murray Chen
License
3159027
Brokerage
Galleria International Realty
Brokerage Phone
954-229-2222
Title
Real Estate Salesperson
Brokerage Address
945 East Las Olas Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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