637 NE 4th Ave
- 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
- 6% Cap Rate based on trailing operations
- Prime Downtown Fort Lauderdale Location with strong walkability to dining, retail, entertainment, and employment
- Surrounded by Class A institutional development and investment
Property Description
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. The property currently operates as a furnished short-term rental, producing a 6% cap 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 offering 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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,700,000 |
| No. of Units: | 9 |
| Year Built: | 2022 |
| Lot Size: | 0.15 Acres |
| Opportunity Zone: | No |
| Price per unit: | $411,111 |
| Property Website | Click Here |
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