UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,466 sqft
Price per Sqft $527
Subdivision Coral Ridge Isles 45-47 B
MLS Listing ID TB8463899
Bedrooms 6
HOA Y/N No
Year Built 1967
Annual Tax Amount $13,928
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
An exceptional opportunity to acquire a fully renovated, income-producing 4-unit property in one of Fort Lauderdale's most desirable and rapidly appreciating neighborhoods. Featuring a highly sought-after unit mix of two (2) 2-bedroom/1-bath units and two (2) 1-bedroom/1-bath units, this turnkey asset offers both immediate cash flow and long-term upside.
What makes this property especially compelling is the rare “live-in-one, rent-the-rest” opportunity—ideal for an owner-occupant looking to significantly offset or potentially cover their mortgage by collecting income from the remaining three units. It's a powerful strategy for building wealth while living on-site.
All units have been thoughtfully renovated in 2025 with modern finishes, complemented by major capital improvements that provide peace of mind and reduced maintenance for years to come. The property also features on-site laundry facilities, creating an additional income stream for the owner.
Significant upgrades include:
Roof replaced (2020)
Hurricane impact windows installed (2025)
Tankless water heaters installed (2025)
Full interior renovations to all units (2025)
New patios added (2024)
Exterior lighting and parking lot improvements (2020)
Parking lot resurfaced with 8 spaces (2026)
Newer window A/C units (2020–2026)
Designed for strong and stable returns, the property offers 8 dedicated parking spaces, a rare and valuable amenity that enhances tenant demand and overall asset value.
Beyond its current performance, the property presents excellent development potential, with air rights allowing for up to three stories—ideal for investors or developers seeking to expand, increase density, or reimagine the site in a high-demand submarket.
Situated in a prime Northeast Fort Lauderdale location, the property is just minutes from beaches, major roadways, dining, retail, and key employment hubs—supporting continued rental demand and long-term appreciation.
Highlights:
4 Units: 2 × 2BR/1BA & 2 × 1BR/1BA
Fully renovated, turnkey condition
Opportunity to live in one unit and offset mortgage with rental income
Additional income from on-site laundry
8 on-site parking spaces
Extensive recent capital improvements
Air rights up to 3 stories (development upside)
Prime location in a high-growth area
This is a rare opportunity to secure a cash-flowing asset with lifestyle flexibility and future development potential—perfect for both investors and owner-occupants looking to maximize returns in Fort Lauderdale.
Location
State FL
County Broward
Community Coral Ridge Isles 45-47 B
Area 33334 - Fort Lauderdale
Zoning RMM-25
Interior
Interior Features Open Floorplan
Heating Central, Electric
Cooling Central Air
Fireplace false
Laundry Common Area
Exterior
Exterior Feature Fence, Private Entrance, Private Yard, Storage
Utilities Available Electricity Connected, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Septic Tank
Water Public
Structure Type Block,Concrete
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8463899
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