$1,650,000

4404 SW 22nd St, #1-8, West Park FL, 33023

Price per sqftN/A

Built in1957

Property typeCommercial

Overview

Active

Updated Aug 21

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.

Additional information

MLS^® ID: 11484204

Interior Features

Bedrooms: 0
Bathrooms: 0
Basement: No

Exterior Features

Lot Size: 0.35 Acres

Other Property Details

Taxes: $21,216
Tax Frequency: Annually

Courtesy of Compass Florida, LLC with ,
Listing Contact:

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