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1481 NW 22nd St 4 Unit Apartment Building $1,260,954 CAD ($315,238 CAD/Unit) 7% Cap Rate Fort Lauderdale, FL 33311
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.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$122,733
|
$40.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$122,733
|
$40.95
|
| Taxes |
$18,434
|
$6.15
|
| Operating Expenses |
$3,783
|
$1.26
|
| Total Expenses |
$22,217
|
$7.41
|
| Net Operating Income |
$100,516
|
$33.54
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $122,733 |
| Annual Per SF | $40.95 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $122,733 |
| Annual Per SF | $40.95 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,434 |
| Annual Per SF | $6.15 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $3,783 |
| Annual Per SF | $1.26 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $22,217 |
| Annual Per SF | $7.41 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $100,516 |
| Annual Per SF | $33.54 |
Property Facts
| Price | $1,260,954 CAD | Building Class | B |
| Price Per Unit | $315,238 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
|
| Price | $1,260,954 CAD |
| Price Per Unit | $315,238 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 | $2,942 CAD | - |
| 1+1 | 2 | $2,172 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 49-42-28-19-0150 | Total Assessment | $879,519 CAD (2026) |
| Land Assessment | $63,487 CAD (2026) | Annual Taxes | $18,434 CAD ($6.15 CAD/SF) |
| Improvements Assessment | $816,032 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
49-42-28-19-0150
Land Assessment
$63,487 CAD (2026)
Improvements Assessment
$816,032 CAD (2026)
Total Assessment
$879,519 CAD (2026)
Annual Taxes
$18,434 CAD ($6.15 CAD/SF)
Tax Year
2025
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1481 NW 22nd St
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