Rare opportunity: Investors seeking current income, long-term appreciation, and 1031 exchange potential. In Fort Lauderdale's desirable Tarpon River neighborhood, this property offers 2, 664 sq ft of building area on a large 9, 687 sq ft lot, minutes to Downtown Ft L, Las Olas, beaches, & Airport. This fully occupied fourplex has four 1-bedroom / 1-bath units, with current cash flow and future upside. Each unit's rent potential is $1, 800-$2, 000 per month yielding gross rents of $7, 200-$8, 000 monthly. Acquired by the seller as a 1031 exchange, preliminary architectural due diligence includes construction survey (3/2026) and feasibility review, indicating potential for 2 townhomes, subject to design, City permits / approval. Buyer to independently verify with planning and zoning departments.