For Sale
4404 22nd St, Unit 1-8, West Park, Florida 33023
$1,750,000
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.
Share This Listing
Details
-
Property Type: Commercial
-
Property SubType: Multi Family
-
Listing Type: For Sale
-
Listing ID: A11790660
-
Price: $1,750,000
-
View: Intercoastal,ocean,pool
-
Bedrooms: 0
-
Bathrooms: 0
-
Half Bathrooms: 0
-
Square Footage: 0 Sqft
-
Year Built: 1957
-
Status: Active
-
Original Property Type: Commercial Sale
Features
Location
-
Country US
-
State FL
-
County Broward
-
City West Park
-
Zipcode 33023
-
Neighborhood: West Park
-
Street: 22nd St
-
Street Number: 4404
-
Floor Number: 0
-
Unit No.: 1-8
-
Longitude: W81° 48' 45.3''
-
Latitude: N25° 59' 26.7''
Additional Info
-
UnBranded Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11790660
