Unlock an outstanding investment opportunity with this income-generating 12-bed multifamily property at 4400 SW 23rd St, West Park, FL 33023. Each well-maintained studio is fully leased, delivering immediate cash flow with stable tenants and utilities included, making this a turnkey asset for savvy investors. Strategically located just minutes from major highways, shopping, and dining, this property offers unbeatable convenience for residents and strong rental demand for owners. With a competitive asking price and an impressive cap rate, this asset is ideal for those seeking steady returns in a thriving South Florida market. Don’t miss your chance to add this high-performing property to your portfolio-schedule your private tour today and secure your foothold in one of Broward County’s most promising rental corridors! Also includes a new roof! -------- -------- -------- County: Broward Neighborhood/Subdivision: Carver Ranches 19-2 B Property Type: Multifamily (12-unit apartment building) Building Size: Approximately 4,613 SF (per LoopNet) Note: Redfin lists 1,568 SF, but LoopNet’s figure is more likely to be correct for a 12-unit property. Lot Size: 8,304 SF Year Built: 1957 Number of Units: 12 studio units Unit Mix: 12 Studios Each unit: ~300 SF, 0.5 bath Current Rents: $590/month per unit (utilities included) Occupancy: Fully leased (as of latest available data) Recent Renovations: Fully remodeled in 2019 Utilities: Water and electricity included in rent Air Conditioning: Yes Parking: Not specified in search results (typically street or on-site for this property type) Zoning: Not specified (verify with Broward County/City of West Park) APN/Parcel ID: 514219012550 Legal Description: CARVER RANCHES 19-2 B LOT 13 BLK 16 Proximity/Location Highlights: Minutes from Hollywood Beach Close to major highways (Turnpike, I-95) Near shopping centers, parks, and public transportation Fort Lauderdale/Hollywood International Airport: 8.1 miles (15 min drive) Miami International Airport: 21.8 miles (40 min drive) Nearby Amenities: Multiple shopping centers within walking distance (0.4–0.8 mi) Parks and recreation nearby (Miramar Pineland, Greynolds Park, West Lake Park, etc.) Hospitals within 3–4 miles Gross Scheduled Income: $84,960/year (12 units × $590 × 12 months) Gross Rent Multiplier (GRM): 10.46 (at $889,000 asking price) Cap Rate (Estimated): ~9.56% Description: Fully remodeled in 2019, this 12-unit multifamily building offers affordable, all-utilities-included studio apartments, currently serving veterans. The property is fully leased, delivering immediate cash flow, and is ideally located just minutes from Hollywood Beach, major highways, shopping, and parks. Each unit features air conditioning and access to shared amenities, making this a turnkey investment opportunity in a high-demand rental corridor.