5401 22Nd StLauderhill, FL 33313

Property Details for 5401 22Nd St

Year built

1976

Property size (Sq ft)

3,744 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional fourplex in Lauderhill, Florida, presents a prime investment opportunity. The property, located at 5401 NW 22nd St, 33313, boasts 3,744 square feet and comprises four spacious two-bedroom, one-bathroom units. Built in 1976, this single-story building has undergone recent renovations, including updated flooring, kitchens, and bathrooms. Each unit features its own washer/dryer, and independent electric meters minimize management costs, with the owner responsible for water. A recent $25,000 investment in new pipelining, complete with a lifetime warranty, ensures minimal future maintenance expenses. The property's strategic location near Sunrise and Plantation places it within a high-demand rental market. Further highlighting the area's growth potential is the nearby Lenar townhouse development, just half a mile away, with units selling for $480,000 to $520,000. This well-maintained property offers a low-maintenance, income-generating asset with significant upside potential. The asking price is $1,150,000. This is an excellent opportunity for investors seeking a stable and appreciating asset in a thriving South Florida market.

Location Insight

City

Lauderhill

County

Broward

State

Florida

Latitude

26.1549

Longitude

-80.2219

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