635 NW 22ND Road
Property Description
Unique multifamily opportunity in Fort Lauderdale! This four-unit property offers flexibility for both investors and owner-occupants looking to take advantage of multiple income-producing units. The property consists of one 2-bedroom/1-bath unit with a separate living room, kitchen, and central A/C, plus three studio/efficiency-style units, each featuring an open living/sleeping area, kitchen, private bathroom, and window A/C. Live in one and rent the others! The larger 2-bedroom unit provides an excellent option for an owner-occupant looking to make the property their primary residence while generating rental income from the remaining three units. For investors, the four-unit configuration provides multiple potential income streams from a single property. All four units are currently vacant, giving the new owner flexibility to make desired improvements, select their own tenants, and establish rents based on their investment strategy. The property is in average rental-grade condition, and each unit has its own water heater. Several improvements have been completed over the years, including a roof permitted in 2022, paved parking area completed in 2019, and select impact windows and doors installed in 2016, according to available permit records. Conveniently located near Sunrise Boulevard and I-95, providing easy access to Downtown Fort Lauderdale, employment centers, shopping, dining, transportation, and major Broward County destinations. Whether you're an investor looking to expand your rental portfolio or an owner-occupant interested in living in the larger 2-bedroom unit while generating income from the other three, this vacant four-unit property offers a compelling combination of flexibility, income potential, and opportunity to add value in the Fort Lauderdale market.
Broker Details
Jack Watlington P.A. DBA Florida Realty Advisors (561) 222-6331
MLS ID: 20003507 State License Number: 3139881
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $520,000 |
| No. of Units: | 4 |
| Year Built: | 1967 |
| Lot Size: | 1,810.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $130,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 0 |
ID: 3yd-RMLSFL-B26085647
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