6421 22Nd AveFort Lauderdale, FL 33308

  • Investment properties
  • 2,202 SF
For Sale
$950,000 View listing

Property Details for 6421 22Nd Ave

Year built
1969
Property size (Sq ft)
2,202 SF
Property type
Investment properties
Property subtype
Residential income homes

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.

6421 22Nd Ave, Fort Lauderdale, Florida

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.2075
Longitude
-80.1123

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