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.
Property Details
Price:
$1,750,000
MLS #:
A11790660
Status:
Active
Beds:
0
Baths:
0
Address:
4404 SW 22nd St # 8
Type:
Commercial
Subtype:
Income/MultiFamily
City:
West Park
Listed Date:
Apr 25, 2025
State:
FL
Finished Sq Ft:
3,416
Total Sq Ft:
3,416
ZIP:
33023
Year Built:
1957
See this Listing
CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.
More About CENTURYMortgage Calculator
Schools
Interior
Exterior
Financial
Taxes
$21,216
Map
Community
- Address4404 SW 22nd St # 8 West Park FL
- CityWest Park
- CountyBroward County
- Zip Code33023
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