4404 22nd St #1-8 , for Sale

4404 22nd St #1-8 for Sale

Price $1,750,000.00

• Lot size 15417
• Year Build 1957
• Waterfront
• Zip 33023
• Style
• Parking Description
• Pool Yes
• Status Active

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.

CARVER RANCHES 19-2 B LOT 14 BLK 17

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.

City:West Park,Zoning:R-1C,List A O R:A-Miami Association of REALTORS,Latitude:25.9905659,List Price:1750000,Listing Id:A11790660,Longitude:-80.1876506,Mls Status:Active,Year Built:1957,Postal Code:33023,Street Name:22nd St,Unit Number:1-8,Coordinates:1:25.9905659,Photos Count:21,Business Type:1:Residential-Multi-Family,Days On Market:12,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:3080,On Market Date:2025-04-25,Parcel Number:514219012770,Property Type:Commercial Sale,Street Number:4404,Public Remarks: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.,County Or Parish:Broward County,List Office Name:Compass Florida, LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3336,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:SW,Tax Annual Amount:21216,Unparsed Address:4404 SW 22nd St # 8, West Park FL 33023,Listing Agreement:Exclusive Right To Sell,Building Area Total:3416,Building Area Units:Square Feet,Lot Size Square Feet:15417,Original List Price:1750000,Public Survey Range:51,I D X Participation Y N:1,Syndication Remarks: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 Contract Date:2025-04-25,Originating System I D:miamire,Public Survey Section:19,Showing Instructions:24 Hour Notice,Call Listing Agent,Street Number Numeric:4404,Tax Legal Description:CARVER RANCHES 19-2 B LOT 14 BLK 17,Public Survey Township:51,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Stabilized 8 unit Multifamily with upside potential.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2025-04-25,Internet Address Display Y N:1,Number Of Units In Community:2,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,