634 SW 4th Avenue 1-2,Fort Lauderdale, FL 33315
Fort Lauderdale, FL 33315
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.
Details
| MLS # | B26021184 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1970 |
| Days On Site | 135 |
| Listing Provided By | The Keyes Company | Alejandro Saenz de la Calzada Rosenstein |
Features
| SQ Feet | 1,658 |
|---|---|
| Story(s) | 1 |
| Units | 2 |
| Zoning | RAC-SMU |
| Acreage | 0.14 |
Exterior
| Lot Features | Less Than Quarter Acre |
|---|
Taxes
| Tax Annual Amount | 9224.96 |
|---|
Area Information
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33315 |
| Area | 3500 |
| Subarea | FTSW Ft Lauderdale SW (3470 3500;3570 3590) |
| Community Name | FT LAUDERDALE B 40 |
| Listing VS Median (in FT LAUDERDALE B 40) | |
Price: $1,350,000 low | high Med: $2,610 sqft: 1,658 low | high Med: 359,836 $ / sqft: $814 low | high Med: $1 On site: 135 low | high Med: 55 | |
Market Activity 33315
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Learn More About This Property
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33315 |
| Area | 3500 |
| Subarea | FTSW Ft Lauderdale SW (3470 3500;3570 3590) |
| Community Name | FT LAUDERDALE B 40 |
| Listing VS Median (in FT LAUDERDALE B 40) | |
Price: $1,350,000 low | high Med: $2,610 sqft: 1,658 low | high Med: 359,836 $ / sqft: $814 low | high Med: $1 On site: 135 low | high Med: 55 | |
