4404 SW 22nd St 1-8 West Park, FL 33023
Single Family Attached
MLS #: A11790660
Courtesy Of Compass Florida LLC
Property InformationDescription
Stabilized 8-unit multifamily property in West Park, FL features a well-balanced unit mix of (2) two-bedroom units and (6) one-bedroom units across a 3,416 SF building. The property sits on a large 15,417 SF double lot with the second lot currently serving as additional parking but zoned for potential residential development. With a current NOI based on 2024 rents of $111,845 and proforma rents projected at $151,200, there is ample room to increase income through strategic leasing. Recent ownership invested over $30,000 in unit improvements in 2024. All units are individually metered, and the property maintains 100% occupancy. Offered at $1,750,000, this investment presents a compelling blend of yield, stability, and future upside.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Legal Description: CARVER RANCHES 19-2 B LOT 14 BLK 17
- MLSID: A11790660
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