1481 NW 22nd St - Apartments FOR SALE


Fort Lauderdale, FL 33311- Lauderdale Manors
$900,000 USD
786-603-5255
1481 NW 22nd St, Fort Lauderdale, FL for Sale
$900,000 USD
Apartments - FOR SALE
1/27
null | 7% Cap Rate

1481 NW 22nd St
Fort Lauderdale, FL 33311
Lauderdale Manors


OVERVIEW

Opportunity Zone Property! Turnkey fourplex investment opportunity in the heart of Fort Lauderdale, offering immediate cash flow with a currently 7% cap rate. This updated multifamily property consists of four income-producing units with strong tenant occupancy and upside potential for increased returns. The unit mix includes: Unit A – 2 bedrooms/1 bathroom, rented at $2,350 through Section 8; Unit B – 2 bedrooms/1 bathroom, rented at $1,850 on a month-to-month basis; Unit C – 1 bedroom/1 bathroom, rented at $1,600 on a month-to-month basis; and Unit D – 1 bedroom/1 bathroom, rented at $1,500 on a month-to-month basis. With three month-to-month tenants in place, a savvy investor has the flexibility to adjust rents to market value and further maximize NOI. Ideal for investors seeking stable income and value-add potential.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

4

PRICE/UNIT

$225,000

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,579 SF

ZONING

-

APN/PARCEL ID

49-42-28-19-0150

ASK ABOUT THIS PROPERTY

Samantha NoriegaLifestyle International RealtyMore Info
786-603-5255

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

Samantha NoriegaLifestyle International RealtyMore Info
786-603-5255

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