6421 22Nd AveFort Lauderdale, FL 33308

Property Details for 6421 22Nd Ave

Year built

1969

Property size (Sq ft)

2,202 SF

Property type

Residential income homes

Property subtype

Hospitality properties

Description

This exceptional 4-bedroom, 2-bathroom Airbnb in Fort Lauderdale's desirable Imperial Point neighborhood presents a lucrative investment opportunity. Boasting 2,202 square feet on a 7,000 square foot lot, this 1-story, 1969-built property underwent a complete renovation in 2022. Currently operating as a highly-rated, fully furnished Airbnb, it offers immediate income potential. The property features a paid-off solar-heated pool, a 2-car garage (convertible to additional rental space), and ample parking. Financial projections indicate a substantial annual rental income of $181,000, resulting in a pro-forma NOI of $151,000 and a pro-forma cap rate of 15.89%. The current NOI is $100,000, and the cap rate is 10.53%. The asking price is $950,000, with a price per square foot of $431.43. Situated in a RS8 zoned area, this property is located at 6421 NE 22nd Ave, Fort Lauderdale, FL 33308. The property includes some impact windows and French doors, KraftMaid wood cabinets, and a spacious backyard. It is not located in a flood zone. This turnkey operation offers a rare combination of immediate income and significant growth potential. The property is an LLC ownership and has no ground lease. Five parking spaces are available per key.

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.2075

Longitude

-80.1123

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