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412 SE 22nd St 4 Unit Apartment Building $1,175,000 ($293,750/Unit) 6.38% Cap Rate Fort Lauderdale, FL 33316
INVESTMENT HIGHLIGHTS
- Minutes To Downtown Las Olas And Beach
- Updated Units
- Perfect For Short Term Rentals
EXECUTIVE SUMMARY
Prime Location!! Newly Updated 4-Plex In The Heart Of Fort Lauderdale — Minutes To Downtown, Las Olas, And World Famous Fort Lauderdale Beach. This Property Offers One Spacious 3-Bedroom, 2-Bath Unit And Three Oversized 1-Bedroom, 1-Bath Units, All Beautifully Updated With Modern Newer Kitchens, Flooring, Paint, And Appliances. Each Unit Has Central A/C, Separate Water Meters, And Accordion Shutters. Outside Features A Private Yard With Courtyard Entrance, On-Site Washer/Dryer Facility And Plenty Of Front And Rear Parking. Prime Location + Strong Rental Demand = Instant Cash Flow. Perfect For Possible Airbnb, Seasonal, Long-Term Rentals, Or Owner Occupants. Property is Currently Vacant Ready For The Perfect Investor, Potential Annual Gross Income $100,000++ This Is A Must See!!!
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$100,000
|
$23.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$100,000
|
$23.35
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $100,000 |
| Annual Per SF | $23.35 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $100,000 |
| Annual Per SF | $23.35 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Hardwood Floors
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $2,600 | - |
| 1+1 | 2 | $1,800 | - |
| 1+2 | 1 | $1,800 | - |
1 1
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 50-42-15-01-6420 | Improvements Assessment | $640,270 |
| Land Assessment | $101,240 | Total Assessment | $741,510 |
PROPERTY TAXES
Parcel Number
50-42-15-01-6420
Land Assessment
$101,240
Improvements Assessment
$640,270
Total Assessment
$741,510
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412 SE 22nd St
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