
Courtesy of: Alejandro Saenz de la Calzada Rosenstein, The Keyes Company, alexsaenz@keyes.com
$1,600,000
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4 bed
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2.00 Bath (2 Full)
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Lot: 0.14 Acres
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Other
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$1,600,000
634 SW 4th Avenue 1-2 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.
Courtesy of: Alejandro Saenz de la Calzada Rosenstein, The Keyes Company, alexsaenz@keyes.com
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