4404 SW 22nd St 1-8, West Park, FL 33023
- 3,416 sqft
Multi-Family Home
Built in 1957
0.35acre lot
—— car garage
$512/sqft
Listed 1 month ago
Property Description
Stabilized 8-unit multifamily property in West Park, FL features a well-balanced unit mix of (2) two-bedroom units and (6) one-bedroom units across a 3,416 SF building. The property sits on a large 15,417 SF double lot — with the second lot currently serving as additional parking but zoned for potential residential development. With a current NOI based on 2024 rents of $111,845 and proforma rents projected at $151,200, there is ample room to increase income through strategic leasing. Recent ownership invested over $30,000 in unit improvements in 2024. All units are individually metered, and the property maintains 100% occupancy. Offered at $1,750,000, this investment presents a compelling blend of yield, stability, and future upside.
- Listing Status:
- Active
- Date Added:
- April 25, 2025 at 05:00AM
- Listing Office:
- Compass Florida, LLC : 305-851-2820
- Listing Agent:
- Joshua Kaufman : 305-989-6686
- MLS ID:
- A11790660
- Originating MLS: Miami Association of REALTORS®
- County: Broward County
This listing courtesy of Joshua Kaufman, Compass Florida, LLC
Location
Schools Nearby
Championship Academy of Distinction at Hollywood
1100 Hillcrest Dr, Hollywood, FL, 33021
Grades KG-5
0.69 miles away
Championship Academy of Distinction Middle School
1100 Hillcrest Dr, Hollywood, FL, 33021
Grades 6-8
0.69 miles away
Lanier-James Education Center
1050 NW 7th Ct, Hallandale Beach, FL, 33009
Grades 1-12
1.43 miles away