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5401 22 St Lauderhill, FL 33313

Sponsored
For Sale
$1,150,000

Fourplex, High Demand Area, Updated

Property size:
3,744 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional fourplex in Lauderhill, Florida, presents a prime investment opportunity. The property, located at 5401 NW 22nd St, 33313, boasts 3,744 square feet and comprises four spacious two-bedroom, one-bathroom units. Built in 1976, this single-story building has undergone recent renovations, including updated flooring, kitchens, and bathrooms. Each unit features its own washer/dryer, and independent electric meters minimize management costs, with the owner responsible for water. A recent $25,000 investment in new pipelining, complete with a lifetime warranty, ensures minimal future maintenance expenses. The property's strategic location near Sunrise and Plantation places it within a high-demand rental market. Further highlighting the area's growth potential is the nearby Lenar townhouse development, just half a mile away, with units selling for $480,000 to $520,000. This well-maintained property offers a low-maintenance, income-generating asset with significant upside potential. The asking price is $1,150,000. This is an excellent opportunity for investors seeking a stable and appreciating asset in a thriving South Florida market.

Property Features for 5401 22 St

General Information

Property type
Multifamily properties
Square Feet
3,744 SF

Building Details

Year Built
1976
Stories
1
Units
4

HighLights

  • $1,150,000 asking price for a four‑unit apartment building.
  • 3,744 square feet, built in 1976, single‑story building.
  • Four (4) units, each a 2‑bedroom/1‑bathroom apartment.
  • Recent updates include flooring, kitchens, and bathrooms; on‑site washer/dryer.
  • Independent electric meters; owner pays water. Recent $25,000 plumbing upgrade with lifetime warranty.
Property Profile Location Intelligence

Current Use by Public Records

Small apartment buildings

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Lauderhill
County
Broward
State
Florida
Longitude
-80.22192
Latitude
26.154866

FAQs

What type of property is this?
Multifamily property - Fourplex, High Demand Area, Updated
Where is this multifamily property located?
The property is located at 5401 22 St Lauderhill, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: $1,150,000 asking price for a four-unit apartment building.; 3,744 square feet, built in 1976, single-story building.; Four (4) units, each a 2-bedroom/1-bathroom apartment.
More about this property
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