For Sale
$699,000

635 22Nd RdFort Lauderdale, FL 33311

High-Yield Multifamily in Opportunity Zone

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional fourplex, located at 635 NW 22nd Rd, Fort Lauderdale, FL 33311, presents a compelling investment opportunity. Built in 1967, this single-story building boasts recently installed impact windows and a brand-new roof, ensuring long-term durability and reduced maintenance costs. The property features fully remodeled interiors across all four units, providing immediate rental income. Currently operating at 100% occupancy, the fourplex generates a substantial annual cash flow of $58,000, translating to a 7.7% capitalization rate. Situated within a designated Opportunity Zone in Fort Lauderdale, this property benefits from significant surrounding development and growth potential. The strategic location in Broward County offers investors a chance to capitalize on the area's revitalization and increasing property values. This is an ideal asset for investors seeking a strong, cash-flowing investment in a rapidly developing area, offering both immediate returns and long-term appreciation potential. The property's solid construction, updated features, and prime location combine to create a truly attractive investment opportunity. Don't miss this chance to acquire a high-yield multifamily property in a thriving Florida market.

Highlights

  • Fourplex located at 635 NW 22nd Rd, Fort Lauderdale, FL 33311.
  • Single-story building, built in 1967, with a new roof and impact windows.
  • Fully remodeled interiors in all four units, currently 100% occupied.
  • $58,000 annual cash flow, 7.7% capitalization rate.
  • Located in a Fort Lauderdale Opportunity Zone.

Property Details for 635 22Nd Rd

Property type
Apartment buildings, Small apartment buildings
Year Built
1967
Stories
1

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.130014
Longitude
-80.171477
635 22Nd Rd, Fort Lauderdale, Florida

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635 22Nd Rd
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