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    5403 22Nd Ter Fort Lauderdale, FL 33308

    For Sale
    $905,000

    Prime Location, Two-Unit Building

    Property size:
    3,126 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a charming two-unit duplex located in the desirable Coral Ridge Add neighborhood of Fort Lauderdale, Florida. The property, situated on a spacious 8,000 square foot lot at 5403 NE 22nd Ter, 33308, boasts a total of 3,126 square feet of living space. Built in 1975, this single-story building offers two generously sized units, each featuring three bedrooms and two bathrooms, with approximately 1,400 square feet of living space. The units are well-maintained and offer a fantastic opportunity for immediate occupancy or as a lucrative rental investment. The property's prime location provides easy access to schools, places of worship, shopping centers, and a variety of restaurants. The expansive backyard presents significant potential for further development and enhancement, allowing for the addition of a pool, summer kitchen, or gazebo, increasing the property's value and appeal. This property is priced at $905,000 and represents a compelling investment opportunity in a thriving South Florida market. Don't miss this chance to acquire a well-located, income-generating asset with significant upside potential.

    Property Features for 5403 22Nd Ter

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,126 SF

    Building Details

    Year Built
    1975
    Stories
    1
    Units
    2

    HighLights

    • $905,000 asking price.
    • Multifamily property, specifically a duplex, totaling 3,126 square feet.
    • Two units, each approximately 1400 square feet with 3 bedrooms and 2 bathrooms.
    • Built in 1975, single‑story construction.
    • Located in Fort Lauderdale, FL (33308), on an 8,000 square foot lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    EOX Capital Electrical Supply Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1146975
    Latitude
    26.1928825

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    FAQs

    What type of property is this?
    Multifamily property - Prime Location, Two-Unit Building
    Where is this multifamily property located?
    The property is located at 5403 22Nd Ter Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $905,000.
    What are key features of this property?
    This property features: $905,000 asking price.; Multifamily property, specifically a duplex, totaling 3,126 square feet.; Two units, each approximately 1400 square feet with 3 bedrooms and 2 bathrooms.
    Request Owner's contact information
    5403 22Nd Ter Fort Lauderdale, FL 33308
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5403 22Nd Ter Fort Lauderdale, FL 33308
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