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Property profile & analytics
OFF-MARKET
Commercial real estate

824 4Th St Fort Lauderdale, FL 33301

Built 1960
Property ID
US18-1148844
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully renovated six-unit multifamily building located at 824 NE 4th St #6, Fort Lauderdale, FL 33301, in the desirable Victoria Park neighborhood. Built in 1960, this property boasts a prime location within walking distance of downtown Fort Lauderdale, Las Olas Boulevard, and Fort Lauderdale Beach. The surrounding area offers a vibrant atmosphere with upscale restaurants, nightlife, museums, waterways, and shopping. The building comprises five one-bedroom, one-bathroom units and one efficiency unit. Each unit features a completely renovated kitchen and bathroom. Significant upgrades include a new roof, impact-resistant windows and doors, and two conveniently located laundry rooms. Two units also include private, spacious patios. Currently, all units are leased to annual tenants, but the property is ideally suited for short-term vacation rentals or Airbnb operations, presenting significant income potential. This turnkey property offers a rare blend of location, modern amenities, and income generation potential, making it an attractive investment in the thriving Fort Lauderdale market. The asking price is $1,500,000.

Property profile
Verified
Property type Commercial real estate
Year built 1960
UPID US18-1148844
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cabessa Property Management Apartment Complex
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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