1111 SW 4th St 12 Unit Apartment Building $2,940,000 ($245,000/Unit) Fort Lauderdale, FL 33312

Exceptional multifamily opportunity in the highly desirable Sailboat Bend neighborhood of Fort Lauderdale — a truly unique asset in an area where comparable properties are rarely available.
Situated on a 17,499 SF lot (0.40 acres), the property is improved with a well-maintained 12-unit multifamily building totaling 7,839 SF, originally built in 1976 and actively operating as a stable, income-producing asset. The building is approximately 92% occupied, with long-term tenants in place, providing consistent and reliable cash flow.
Each unit features its own electric meter, central A/C, and hurricane-impact windows, enhancing operational efficiency and tenant appeal. The property has been consistently maintained over time, with updates performed as needed. Notably, the electrical panel system was fully upgraded in 2025 in compliance with current code requirements and insurance standards. The property also benefits from new gutters installed in 2025.
Parking is well accommodated, with one assigned space for each 1BR/1BA unit and two assigned spaces for each 2BR/1BA unit, along with additional guest parking on-site.
The property stands out within the submarket due to its lot size, layout, and long-standing tenant base.
Zoning is RML-25 with a Medium-High Density Future Land Use designation. While zoning allows for a range of residential typologies, including multifamily and townhouse configurations, any redevelopment potential must be independently verified by the buyer with the City of Fort Lauderdale and all applicable authorities, particularly given the property’s location within a regulated/archaeologically sensitive area.
Ideally located just minutes from Downtown Fort Lauderdale, Las Olas, and major transportation corridors, the property benefits from continued growth and strong demand in the surrounding area.
This is an ideal opportunity for investors seeking a stable, well-performing asset in one of Fort Lauderdale’s most desirable and supply-constrained neighborhoods.
Possible owner financing available for up to 50% of the purchase price.