1111 SW 4th St
Fort Lauderdale, FL 33312
Immeuble residentiel Propriété À vendre · 12 Unités

Exceptional multifamily opportunity in the highly desirable Sailboat Bend area of Fort Lauderdale. This 17,499 SF lot (0.40 acres) is zoned RML-25 with Medium-High Density Future Land Use designation — zoning and FLU are aligned, providing long-term redevelopment clarity and stability.
The property is currently improved with a 12-unit multifamily building totaling 7,839 SF, originally built in 1976 and actively operating as an income-producing asset. The building is approximately 92% occupied, providing stable in-place income. Each unit features its own electric meter, central A/C, and hurricane-impact windows, enhancing tenant appeal and operational efficiency. The property also benefits from new gutters installed in 2025.
Parking is well accommodated, with one assigned parking space for each 1BR/1BA unit and two assigned spaces for each 2BR/1BA unit, plus additional guest parking available on-site.
The existing improvements present immediate cash flow potential with value-add upside through renovation, repositioning, or strategic redevelopment.
RML-25 zoning allows up to 25 units per acre. Density calculations indicate approximately 10 units by right on a 0.40-acre lot; however, the existing 12-unit configuration may benefit from legal non-conforming or grandfathered status based on original approvals. Buyers should independently verify redevelopment potential and density allowances.
Permitted typologies under RML-25 include multifamily, duplex, townhouse group, cluster dwellings, zero lot line, and hotel use (where applicable). Property is located within the NDCR Overlay and FEMA AE flood zone (BFE 6 ft).
Prime location minutes from Downtown Fort Lauderdale, Las Olas, major transportation corridors, and ongoing redevelopment activity.
Ideal for investors seeking stabilized income with long-term redevelopment optionality.
Possible owner financing available for up to 50% of the purchase price.