Log In/Sign Up
Your email has been sent.
Lauderdale Manors Fourplex 1471 NW 22nd St 4 Unit Apartment Building $1,201,052 CAD ($300,263 CAD/Unit) 7.60% Cap Rate Fort Lauderdale, FL 33311
INVESTMENT HIGHLIGHTS
- Priced to Sell | Strong Cash Flow: Well-maintained fourplex offered at a 7.6% cap rate at asking price.
- Major Capital Updates: PVC plumbing, updated electrical panels, central A/C, and newer shingle roof (2021).
- Prime Fort Lauderdale Location: Minutes to I-95, Downtown Fort Lauderdale, FLL Airport, and Fort Lauderdale Beach.
- Desirable Unit Mix: Two 2BD/1BA units and two 1BD/1BA units totaling approximately 3,000 SF.
- Operational Efficiency: Separate electric meters plus house meter, onsite coin laundry, and six parking spaces.
EXECUTIVE SUMMARY
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.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$136,542
|
$32.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$136,542
|
$32.24
|
| Taxes |
$21,605
|
$5.10
|
| Operating Expenses |
$10,352
|
$2.44
|
| Total Expenses |
$31,957
|
$7.55
|
| Net Operating Income |
$104,585
|
$24.70
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $136,542 |
| Annual Per SF | $32.24 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $136,542 |
| Annual Per SF | $32.24 |
| Taxes (CAD) | |
|---|---|
| Annual | $21,605 |
| Annual Per SF | $5.10 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,352 |
| Annual Per SF | $2.44 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $31,957 |
| Annual Per SF | $7.55 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $104,585 |
| Annual Per SF | $24.70 |
PROPERTY FACTS
| Price | $1,201,052 CAD | Building Class | C |
| Price Per Unit | $300,263 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,235 SF |
| Cap Rate | 7.60% | No. Stories | 1 |
| No. Units | 4 | Year Built | 1975 |
| Property Type | Multifamily | Parking Ratio | 1.25/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RML-25 | ||
| Price | $1,201,052 CAD |
| Price Per Unit | $300,263 CAD |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,235 SF |
| No. Stories | 1 |
| Year Built | 1975 |
| Parking Ratio | 1.25/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RML-25 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $3,055 CAD | - |
| 1+1 | 2 | $2,638 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 49-42-28-19-0140 | Total Assessment | $814,362 CAD (2025) |
| Land Assessment | $62,606 CAD (2025) | Annual Taxes | $21,605 CAD ($5.10 CAD/SF) |
| Improvements Assessment | $751,757 CAD (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
49-42-28-19-0140
Land Assessment
$62,606 CAD (2025)
Improvements Assessment
$751,757 CAD (2025)
Total Assessment
$814,362 CAD (2025)
Annual Taxes
$21,605 CAD ($5.10 CAD/SF)
Tax Year
2026
1 of 39
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Lauderdale Manors Fourplex | 1471 NW 22nd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.