5120 NE 22nd Avenue
Property Description
RARE EAST OF FEDERAL LIGHTHOUSE POINT INVESTMENT OPPORTUNITY! Discover this fully renovated, income-producing duplex ideally positioned on a private corner lot in one of South Florida's most desirable coastal communities. Offering two beautifully updated residences, separate electric meters, private fenced backyards, extensive parking, and exceptional flexibility, this turnkey property is ideal for investors, owner-occupants looking to offset their mortgage with rental income, or multi-generational living. UNIT A features 2 bedrooms, a 3rd flex bedroom ideal for a home office, gym, guest space, or additional living area, 2 bathrooms & a dedicated laundry room. The renovated kitchen offers custom cabinetry and abundant storage, while the spacious primary suite features a relaxing jacuzzi tub. Waterproof flooring throughout means NO CARPET, and the oversized private fenced backyard provides incredible outdoor space. UNIT B offers 3 bedrooms, 2 bathrooms, a flexible office/reading/workspace area, beautifully remodeled kitchen and bathrooms, contemporary finishes, and its own private fenced backyard. Both residences feature IMPACT WINDOWS & DOORS and have been thoughtfully renovated for truly move-in-ready living. One of the property's standout features is the exceptional amount of usable outdoor and parking space. A large circular paver driveway provides ample off-street parking, while the expansive side and rear yard offers room to accommodate a BOAT, RV, LARGE TRAILER, or additional vehicles. The property's layout may also provide the opportunity to create separate driveway areas for each residence, subject to applicable approvals. Furniture is negotiable, giving buyers the option to purchase the property furnished for a more seamless turnkey investment or unfurnished to personalize each residence. Situated EAST OF FEDERAL HIGHWAY and minutes from Deerfield Beach, Hillsboro Beach, Pompano Beach, the Intracoastal Waterway, marinas, public boat ramps, waterfront dining, boutique shopping, parks, golf, fishing, and boating. Convenient access to Federal Highway, I-95, and South Florida airports makes this an outstanding location for both residents and tenants. Live in one side and rent the other, lease both residences for income potential or add a beautifully renovated coastal multifamily property to your real estate portfolio. A rare opportunity to own a turnkey duplex combining LOCATION, LIFESTYLE, PARKING, PRIVACY, and INCOME POTENTIAL in highly desirable Lighthouse Point!
Broker Details
Exp Realty LLC (888) 883-8509
MLS ID: 276671292 State License Number: 3551541
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,170,000 |
| No. of Units: | 2 |
| Year Built: | 1972 |
| Lot Size: | 2,779.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $585,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 0 |
ID: 3yd-RMLSFL-B26081914
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout