634 SW 4th Avenue, Unit 1
Property Description
THE SITE: Two contiguous parcels (Folios 504210015131 & 504210015132) totaling 12,500 SF in Fort Lauderdale's New River South corridor. 100 ft wide * 125 ft deep across two contiguous lots. Rear alley may provide vehicle access - subject to pre-development review with City transportation engineer. THE ZONING: RAC-SMU (Regional Activity Center - Southwest Mixed Use) is one of Fort Lauderdale's most flexible designations. The property's RAC Future Land Use designation may provide eligibility under Florida's Live Local Act (SB 102) - buyers and their counsel are encouraged to inquire directly with the City. THE INCOME: Two existing duplexes generate $7,200/month in rental income - $3,800 from 634 SW 4th Ave and $3,400 from 638 SW 4th Ave. Existing tenancies provide cash flow during the permitting and pre-construction period - a real advantage over vacant land. THE MARKET: New construction townhomes in the Tarpon River / New River South corridor are actively trading between $875,000 and $1,100,000+. Double-digit year-over-year price appreciation. Strong demand from both end-users and developers. Contact the listing agent directly. Inquire about Live Local Act eligibility. Minutes to Las Olas, I-95, FLL & beaches. Sold as-is.
Broker Details
The Keyes Company (305) 371-3592
MLS ID: 276692003 State License Number: 3556904
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,350,000 |
| No. of Units: | 2 |
| Year Built: | 1970 |
| Lot Size: | 1,658.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $675,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 0 |
ID: 3yd-RMLSFL-B26021184
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