$865,000

$289/sq ft

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Overview

Year Built

1976

Sqft

2997

Property Type

Quadruplex

Property Description

Priced to sell! Rare opportunity to acquire a well-maintained, high cash-flowing fourplex with large units in Fort Lauderdale. Located at 1471 NW 22nd St, this approximately 3,000 SF property features a desirable unit mix of two 2BD/1BA units and two 1BD/1BA units. Built in 1975, the asset offers PVC plumbing throughout, updated electrical panels, separate electric meters for each unit plus a house meter, and central A/C in all units. Most kitchens and bathrooms have been updated. Additional highlights include onsite coin laundry, a newer shingle roof (2021), accordion storm shutters (2020), and six on-site parking spaces. Offered at a 7.6% cap rate at asking price. Conveniently located minutes from I-95, Downtown Fort Lauderdale, the airport, and Fort Lauderdale Beach.

Property Details

MLS#

A11937381

Total Floor in Bldg

1

Address

1471 22nd St NW

City

Fort Lauderdale

State/county

FL

Zip/Postal Code

33311

Area

Ft Lauderdale Estates 1st

Country

United States

HOA

No

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$13,158

Maint Fee

$--

Tax Year

2025

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Boris Gelfand