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247 SW 22nd St - Land to Develop 4 Townhomes - Fort Lauderdale 0.31 Acres of Residential Land Offered at $1,070,000 in Fort Lauderdale, FL 33315
INVESTMENT HIGHLIGHTS
- Prime corner lot with rear alley access, ideal for development —enables garage placement off the street, enhancing curb appeal and maximizing front-fa
- Two existing single-family homes (income-producing) Flexible transition period with optional ongoing management
- Minutes to Downtown Fort Lauderdale, Las Olas, Airport, Port and Major Highways
EXECUTIVE SUMMARY
Discover a unique investment opportunity with this rare offering of two adjacent lots totaling approximately 13,500 sqft, each currently improved with a single-family home. Zoned and ideally suited for redevelopment, the combined parcel presents the perfect canvas for constructing up to four new construction townhomes (buyer to verify).
Currently operating as successful crew houses/Airbnb rentals, both properties are fully furnished and income-producing from day one. This is an ideal opportunity for developers looking to offset holding costs with short-term rental income while planning their next project.
An added bonus: the current owner is willing to continue managing the properties, staying on with a 25% stake plus minimal additional fees to ensure seamless operations until the buyer is ready to break ground.
Whether you’re looking for a transitional income play, a turnkey development site, or a blend of both—this property offers flexibility, location, and strong upside potential.
Highlights:
13,500 sqft combined lot size
Two existing single-family homes (income-producing)
Potential to build 4 townhomes (development opportunity)
Owner-managed crew house/Airbnb business in place
Flexible transition period with optional ongoing management
Prime location with strong rental demand
Reach out today for more details, financials, and development comps—this opportunity won't last long!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$87,895
|
$557,355.74
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$87,895
|
$557,355.74
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$36,996
|
$234,597.34
|
| Net Operating Income |
$50,899
|
$322,758.40
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $87,895 |
| Annual Per AC | $557,355.74 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $87,895 |
| Annual Per AC | $557,355.74 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $36,996 |
| Annual Per AC | $234,597.34 |
| Net Operating Income | |
|---|---|
| Annual | $50,899 |
| Annual Per AC | $322,758.40 |
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,070,000 | Lot Size | 0.31 AC |
| Price Per AC | $3,452,537.29 |
| Price | $1,070,000 |
| Price Per AC | $3,452,537.29 |
| Lot Size | 0.31 AC |
Rare dual-lot investment in prime location! 13,500 sqft with 2 income-producing homes, zoned for up to 4 townhomes. Airbnb-ready, owner offers optional management. Ideal for developers seeking rental income + redevelopment upside.
DESCRIPTION
Rare corner-lot development opportunity in a prime location! This dual-lot package spans approximately 13,500 sqft and includes two income-producing single-family homes currently operating as successful Airbnb rentals. Zoned for residential redevelopment, the property offers alley access—perfect for adding garages at the rear—making it ideal for building up to four new construction townhomes (buyer to verify). New construction townhomes in the immediate area are selling between $1,100,000 and $1,600,000, offering strong resale potential. While you plan your project, enjoy immediate cash flow with fully furnished, turn-key rentals. The current owner is also open to staying on as a property manager with a 25% stake and minimal fees, ensuring seamless operations during your transition. This is a flexible, income-generating opportunity with major upside—perfect for developers looking to offset holding costs while preparing for their next build.
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247 SW 22nd St - Land to Develop 4 Townhomes - Fort Lauderdale
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