637 NE 4th Ave

Discover Fort Lauderdale's vibrant surroundings, offering a lifestyle that appeals to multifamily and high-rise investors. Nestled in the heart of the city, the property is surrounded by an array of attractions, including the upscale dining and entertainment of Las Olas Boulevard, the scenic waterways of the Intracoastal Waterway, and the pristine beaches of the Atlantic Ocean. With the nearby Galleria Mall and the exciting nightlife of downtown Fort Lauderdale, the area presents a compelling opportunity for investors seeking to capitalize on the dynamic energy of this sought-after destination.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. The property currently operates as a furnished short-term rental, producing a 6% cap 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.