Exceptional opportunity to acquire this 7 8 cap rate nwd zoning turnkey 3 unit income producing property approved for 4 rental units located in the path of progress just west of the nora development slated for completion by late 2025 the property is steps away from city place the bright line and minutes from ocean beaches worth avenue and pbi airport the property consists of three structures featuring four approved rental units the main house has a 3 br 1 5 ba unit a 5br 2ba unit a 1br 1ba guest house and a studio 1 ba cottage this 6 534 sf lot enjoys nwd zoning new roof 2022 renovations in 2023 offered turnkey furnished please do not disturb the tenants financials zoning info in documents just steps from nora
Listed by Giuliana Torre
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License #3482519
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Douglas Elliman
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(917) 379-6306
Last updated September 08, 2025
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Source: BeachesMLS #RX-11073730
Listing Facts
TypeMulti-family
NeighborhoodNorthwest Neighborhood District
Days on Prevu174
Taxes$8,734/year
Size3,430 sqft
Price per sqft$277
Amenities
Pets Allowed
Location
Mortgage Calculator
Listing History
06/24/2025
Price Decreased
$950,000
06/12/2025
Price Decreased
$975,000
06/12/2025
Status changed to Active
$995,000
04/24/2025
Status changed to In Contract
$995,000
03/20/2025
Listed by Douglas Elliman
$995,000
Property Details for 904 4th Street
Association
Amenities
Community Features: Non Gated
Exterior
Construction
Number Of Units Total: 4
Property Condition: Resale
Roof: Other
Stories: 2
Year Built: 1925
Year Built Details: Resale
Construction Materials: Block
Measurements
Building Area Total: 3,499
Lot Features: Less Than Quarter Acre
Lot Size Area: 6,550
Lot Size Dimensions: 50
Lot Size Square Feet: 6,550
Lot Size Units: SquareFeet
Financial
Residential Income
Operating Expense: $25,134.00
Taxes
Parcel Number: 74434321060230020
Tax Annual Amount: $8,734.00
Tax Year: 2024
Interior
Features
Flooring: Ceramic Tile
Measurements
Living Area: 3,430
Other
Location
Subdivision Name: CLOWS
Utilities
Equipment
Cooling: Central Air
Has Cooling: Yes
Heating: Other
Utilities: Electricity Available, Water Available
Water Source: Public
Based on information from Beaches MLS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.