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1481 NW 22nd St
Fort Lauderdale, FL 33311
Multifamily Property For Sale
·
4 Units
Executive Summary
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.
Property Facts
| Price Per Unit | $314,048 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 2,997 SF |
| Cap Rate | 7% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1976 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | B |
| Price Per Unit | $314,048 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 2,997 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1976 |
| Parking Ratio | 1.5/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Kitchen
- Refrigerator
- Range
- Dining Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,931 CAD | - |
| 1+1 | 2 | $2,163 CAD | - |
Property Taxes
| Parcel Number | 49-42-28-19-0150 | Improvements Assessment | $807,327 CAD |
| Land Assessment | $62,810 CAD | Total Assessment | $870,137 CAD |
Property Taxes
Parcel Number
49-42-28-19-0150
Land Assessment
$62,810 CAD
Improvements Assessment
$807,327 CAD
Total Assessment
$870,137 CAD
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