1471 NW 22nd St - Apartments FOR SALE


Fort Lauderdale, FL 33311- Lauderdale Manors
$865,000 USD
954-743-7594
1471 NW 22nd St, Fort Lauderdale, FL for Sale
$865,000 USD
Apartments - FOR SALE
1/38
null | 7.6% Cap Rate

1471 NW 22nd St
Fort Lauderdale, FL 33311
Lauderdale Manors


HIGHLIGHTS

  • Priced to Sell | Strong Cash Flow: Well-maintained fourplex offered at a 7.6% cap rate at asking price.
  • Desirable Unit Mix: Two 2BD/1BA units and two 1BD/1BA units totaling approximately 3,000 SF.
  • Major Capital Updates: PVC plumbing, updated electrical panels, central A/C, and newer shingle roof (2021).
  • Operational Efficiency: Separate electric meters plus house meter, onsite coin laundry, and six parking spaces.
  • Prime Fort Lauderdale Location: Minutes to I-95, Downtown Fort Lauderdale, FLL Airport, and Fort Lauderdale Beach.

OVERVIEW

Priced to sell! Rare opportunity to acquire a well-maintained, high cash-flowing fourplex with large units in Fort Lauderdale. Located at 1471 NW 22nd St, this approximately 3,000 SF property features a desirable unit mix of two 2BD/1BA units and two 1BD/1BA units. Built in 1975, the asset offers PVC plumbing throughout, updated electrical panels, separate electric meters for each unit plus a house meter, and central A/C in all units. Most kitchens and bathrooms have been updated. Additional highlights include onsite coin laundry, a newer shingle roof (2021), accordion storm shutters (2020), and six on-site parking spaces. Offered at a 7.6% cap rate at asking price. Conveniently located minutes from I-95, Downtown Fort Lauderdale, the airport, and Fort Lauderdale Beach.

FOR SALE DETAILS

PRICE

$865,000 USD

PRICE/SF

$204 USD /SF

# OF UNITS

4

PRICE/UNIT

$216,250

CAP RATE

7.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lauderdale Manors Fourplex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,579 SF

ZONING

RML-25

APN/PARCEL ID

49-42-28-19-0140

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.