4400 SW 23rd St - Apartments FOR SALE


West Park, FL 33023
$785,000 USD
561-866-6399
4400 SW 23rd St, West Park, FL for Sale
$785,000 USD
Apartments - FOR SALE
1/9
null | 9% Cap Rate

4400 SW 23rd St
West Park, FL 33023


OVERVIEW

?? Investment Overview Property Type: Multifamily / Shared Housing (ALF potential) Building Size: 2,400 sq ft Lot Size: 0.1906 acres / 8,304 sq ft Year Built / Renovation: Built 1957, fully remodeled in 2019 Capital Upgrades: New roof installed in 2024 and all electrical panels updated Property Use Code: 08 / Multifamily 2–9 Units Land Use: Multifamily 2–9 Units Zoning: R-1C ?? Key Highlights Current Use: Property is actively being used as shared housing/ALF, offering investors immediate insight into operational potential. Turnkey Income: Studios rent for approx. $650/month with utilities included, generating consistent cash flow. Utilities Included: Water, electricity, sewer, trash removal, and cable—appealing for tenants, simple for operators. Recent Improvements: Full remodel (2019), new roof (2024), and updated electrical panels ensure reduced CapEx. Development/Subdivision: Located in Carver Ranches subdivision (development name: Carver Ranches).

FOR SALE DETAILS

PRICE

$785,000 USD

PRICE/SF

$327 USD /SF

# OF UNITS

2

PRICE/UNIT

$392,500

CAP RATE

9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,165 SF

ZONING

R-1C

APN/PARCEL ID

51-42-19-01-2550

ASK ABOUT THIS PROPERTY

Jason SouwedPalm Beach Property Buyers LLCMore Info
561-866-6399

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Jason SouwedPalm Beach Property Buyers LLCMore Info
561-866-6399

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