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513 NW 22nd Ave
Fort Lauderdale, FL 33311
River Gardens Apartments · Multifamily Property For Sale
·
4 Units
Executive Summary
Excellent investment opportunity in Fort Lauderdale! This well-maintained four-unit property features large 2-bedroom, 1-bath residences with 6 parking spaces, offering a desirable and easy-to-manage unit mix. Recent improvements include a new roof installed in 2024, with central A/C in three of the four units, updated kitchens and baths. Current rents offer potential for future increases, providing an opportunity to enhance cash flow and overall return. No Laundry room currently but the rear utility room has potential to be converted into one, creating an additional amenity for tenants and a potential new income stream for the owner. The property is pet-friendly and is situated on a quiet street with convenient access to I-95, Brightline station, shopping, dining, and all that Fort Lauderdale has to offer. With updated interiors, a newer roof, and additional rental upside, this is a great opportunity for an investor looking to add a solid multifamily asset to their portfolio.
Property Facts
| Price Per Unit | $303,509 CAD | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 3,313 SF |
| Cap Rate | 5.11% | Average Occupancy | 80% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1973/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.81/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | RMS-15 | ||
| Price Per Unit | $303,509 CAD |
| Sale Type | Investment |
| Cap Rate | 5.11% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,313 SF |
| Average Occupancy | 80% |
| No. Stories | 1 |
| Year Built/Renovated | 1973/2025 |
| Parking Ratio | 1.81/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RMS-15 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Ceiling Fans
- Tile Floors
- Kitchen
- Stainless Steel Appliances
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,775 CAD | 800 |
Property Taxes
| Parcel Number | 50-42-05-07-1070 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,006,498 CAD |
Property Taxes
Parcel Number
50-42-05-07-1070
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,006,498 CAD
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