Commercial property in Fort Lauderdale, Florida 278.43 sq.m. № 2000692

Property description

Priced to sell! Rare opportunity to acquire a well-maintained, high cash-flowing fourplex with large units in Fort Lauderdale. Located at 1471 NW 22nd St, this approximately 3,000 SF property features a desirable unit mix of two 2BD/1BA units and two 1BD/1BA units. Built in 1975, the asset offers PVC plumbing throughout, updated electrical panels, separate electric meters for each unit plus a house meter, and central A/C in all units. Most kitchens and bathrooms have been updated. Additional highlights include onsite coin laundry, a newer shingle roof (2021), accordion storm shutters (2020), and six on-site parking spaces. Offered at a 7.6% cap rate at asking price. Conveniently located minutes from I-95, Downtown Fort Lauderdale, the airport, and Fort Lauderdale Beach.