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For Sale Available Listing #81865

411,111 SF Apartment For Sale — $3,700,000 — 637 NE 4th Ave, Fort Lauderdale – #81865

637 NE 4th Ave · Price Per Unit · Fort Lauderdale, FL 33304
411,111 SFAvailable space
ApartmentProperty type
407Parking spaces
2022Year built
Quick Unit Specs
For Sale
$3,700,000 Asking Price
$9.00 Price / SF
6.3% Cap Rate
$233,150 NOI
19 / 278 days Days on market / avg to sell
The Space
411,111 SF Sq Ft
Apartment Type
Price Per Unit Suite
— Condition
Available Status
For Sale Listing Type
Now Available
— Op. Expenses
— Clear Height
— Drive-In Bays
— Dock-High Bays
— Yard
— Office SF
— Restrooms
— Power
— HVAC
407 spaces Estimated Parking
0.99 Parking Ratio
Location Map Click to explore · switch to satellite inside the map
Space Description & Highlights
The offering is turnkey.
Floor Plan
Floor plan not available yet Ask us and we'll get it to you as soon as it's available.
Building Description
Executive Summary
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.
PROPERTY HIGHLIGHTS
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
The property currently operates as a furnished short-term rental, producing a 6% cap.
Prime Downtown Fort Lauderdale Location with strong walkability to dining, retail, entertainment, and employment
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
Approved Uses by Zoning — Urban Village (RAC-UV - multifamily)

Uses permitted by right under the municipality’s zoning for this district. The property may carry additional restrictions (deed, association or lease), so tenants are responsible for confirming their intended use with the municipality and landlord before committing.

Allowed by right
Automotive: Automotive Parts & Supplies Store (installation in wholly enclosed buildings), Automotive: Automotive Sales, Rental, new or used vehicles (only when abutting Federal Highway or the Florida East Coast Rail Road), Automotive: Automotive Service Station (only when abutting Federal Highway), Boats, Watercraft and Marinas: Marine Parts and Supplies Store, Commercial Recreation: Billiard Parlor, Commercial Recreation: Indoor Motion Picture Theater, Commercial Recreation: Performing Arts Theater (less than 300 seats), Food and Beverage Sales and Service: Bakery Store, Food and Beverage Sales and Service: Bar, Cocktail Lounge, Nightclub, Food and Beverage Sales and Service: Cafeteria, Food and Beverage Sales and Service: Candy, Nuts Store, Food and Beverage Sales and Service: Catering Service, Food and Beverage Sales and Service: Delicatessen, Food and Beverage Sales and Service: Food and Beverage, Drive-Thru and Carryout (no Carryout permitted), Food and Beverage Sales and Service: Fruit and Produce Store, Food and Beverage Sales and Service: Grocery/Food Store, Food and Beverage Sales and Service: Ice Cream/Yogurt Store, Food and Beverage Sales and Service: Liquor Store, Food and Beverage Sales and Service: Meat and Poultry Store, Food and Beverage Sales and Service: Restaurant, Food and Beverage Sales and Service: Seafood Store, Food and Beverage Sales and Service: Supermarket, Lodging: Bed and Breakfast Dwelling, Lodging: Hotel, Manufacturing: Apparel, Textile, Canvas and related uses (permitted only when contiguous to or separated by no more than a 60-foot public right-of-way from a railroad right-of-way), Manufacturing: Contractor's yards (permitted only when contiguous to or separated by no more than a 60-foot public right-of-way from a railroad right-of-way), Manufacturing: Industrial Machinery and Equipment (permitted only when contiguous to or separated by no more than a 60-foot public right-of-way from a railroad right-of-way), Manufacturing: Processing and assembly of previously prepared materials (permitted only when contiguous to or separated by no more than a 60-foot public right-of-way from a railroad right-of-way), Public Purpose Facilities: Active and Passive Park, Public Purpose Facilities: Civic and Private Club Facility, Public Purpose Facilities: College, University, Public Purpose Facilities: Conservation Area, Public Purpose Facilities: Government Facility, Public Purpose Facilities: House of Worship, Public Purpose Facilities: Library, Public Purpose Facilities: Museum and Art Gallery, Public Purpose Facilities: Police and Fire Substation, Public Purpose Facilities: Post Office Branch/Substation, Public Purpose Facilities: Public/Private Recreation, Public Purpose Facilities: School, including trade/business school (only when contiguous to or separated by no more than a 60-foot public right-of-way from a railroad right-of-way), Residential Uses: Single Family Dwelling, Standard, Residential Uses: Cluster Dwellings, Residential Uses: Coach Homes, Residential Uses: Multi-family Dwelling, Residential Uses: Rowhouse, Residential Uses: Townhouse, Residential Uses: Two-Family/Duplex Dwellings, Residential Uses: Zero Lot Line Dwelling, Retail Sales: Antiques Store, Retail Sales: Apparel/Clothing, Accessories Store, Retail Sales: Art Galleries, Art Studio, Dealer, Retail Sales: Arts & Crafts Supplies Store, Retail Sales: Bait and Tackle Store, Retail Sales: Bicycle Shop, Retail Sales: Book Store, Retail Sales: Camera, Photographic Supplies Store, Retail Sales: Card & Stationery Store, Retail Sales: Cigar, Tobacco Store, Retail Sales: Computer/Software Store, Retail Sales: Consignment, Thrift Store, Retail Sales: Cosmetics, Sundries Store, Retail Sales: Department Store, Retail Sales: Fabric, Needlework, Yarn Shop, Retail Sales: Flooring Store, Retail Sales: Florist Shop, Retail Sales: Furniture Store, Retail Sales: Gifts, Novelties, Souvenirs Store, Retail Sales: Glassware, China, Pottery Store, Retail Sales: Hardware Store, Retail Sales: Hobby Items, Toys, Games Store, Retail Sales: Holiday Merchandise, Outdoor Sales, Retail Sales: Household Appliances Store, Retail Sales: Jewelry Store, Retail Sales: Lawn and Garden Center, Outdoor Display, Retail Sales: Linen, Bath, Bedding Store, Retail Sales: Luggage, Handbags, Leather Goods Store, Retail Sales: Medical Supplies Store, Retail Sales: Mobile Vendor, Retail Sales: Music, Musical Instruments Store, Retail Sales: Newspapers, Magazines Store, Retail Sales: Office Supplies, Equipment Store, Retail Sales: Optical Store, Retail Sales: Paint, Wallpaper Store, Retail Sales: Party Supply Store, Retail Sales: Pet Store, Retail Sales: Pharmacy, Retail Sales: Security Systems, Retail Sales: Shoe Store, Retail Sales: Sporting Goods Store, Retail Sales: Tapes, Videos, Music CD's Store, Services/Office Facilities: Auction House, Services/Office Facilities: Check Cashing Store, Services/Office Facilities: Child Day Care Facilities, Large, Services/Office Facilities: Contractors, Services/Office Facilities: Copy Center, Services/Office Facilities: Dry Cleaner (laundering plant permitted), Services/Office Facilities: Film Processing Store, Services/Office Facilities: Financial Institution, including Drive-Thru Banks, Services/Office Facilities: Formal Wear, Rental, Services/Office Facilities: Funeral Home, Services/Office Facilities: Hair Salon, Services/Office Facilities: Health and Fitness Center, Services/Office Facilities: Instruction: Fine Arts, Sports and Recreation, Dance, Music, Theater, Services/Office Facilities: Interior Decorator, Services/Office Facilities: Laundromat, Services/Office Facilities: Mail, Postage, Fax Service, Services/Office Facilities: Massage Therapist, Services/Office Facilities: Medical/Dental Office/Clinic, Services/Office Facilities: Nail Salon, Services/Office Facilities: Parking Facility, Services/Office Facilities: Personnel Services, including Labor Pools, Services/Office Facilities: Pest Control, Services/Office Facilities: Photographic Studio, Services/Office Facilities: Professional Office, Services/Office Facilities: Publishing Plant, Services/Office Facilities: Security Systems, Services/Office Facilities: Senior Citizen Center, Services/Office Facilities: Shoe Repair, Shoe Shine, Services/Office Facilities: Tailor, Dressmaking Store, Direct to the Customer, Services/Office Facilities: Tanning Salon, Services/Office Facilities: Tattoo Artist, Services/Office Facilities: Taxidermist, Services/Office Facilities: Travel Agency, Services/Office Facilities: Veterinary Clinic, Services/Office Facilities: Warehouse Facility, Services/Office Facilities: Watch and Jewelry Repair, Storage Facilities: Warehouse Facility (permitted only when contiguous to or separated by no more than a 60-foot public right-of-way from a railroad right-of-way)
With special approval
Public Purpose Facilities: Addiction Treatment Center, Public Purpose Facilities: Food Distribution Center, Public Purpose Facilities: Social Service Facility - General, Public Purpose Facilities: Social Service Residential Facility
Read the full RAC-UV - multifamily zoning guide ›
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Asking Price
$3,700,000
Listing Courtesy of Native Realty Co.
Adam Docktor
Adam Docktor
Native Realty Co.
Inquire about this property
Key highlights
  • 9-Unit Multifamily
  • Located in the urban core of Fort Lauderdale/Flagler Village
  • Existing AIRBNB performing asset
Appraiser Data
Parcel Control No.494234075390
Source: Broward County Appraiser Records
Proximity
✈ Airports
Palm Beach Intl (PBI) 38.2 mi
Ft. Lauderdale (FLL) 6.7 mi 16 min drive
Miami Intl (MIA) 34.3 mi 53 min drive
⚓ Seaports
Port of Palm Beach 44.5 mi
Port Everglades 3.0 mi
PortMiami 24.5 mi
Building Specifications
CityFort Lauderdale, FL
ZIP Code33304
Year Built2022
Total Building SF10,057 SF
Total Available411,111 SF
Lot Size0.15 AC
Parking Ratio0.99/1,000 SF
AmenitiesAir Conditioning; Balcony; Dishwasher; Disposal; Microwave; Washer/Dryer; Heating; Kitchen; High Speed Internet Access; Wi-Fi
Walk Score80/100