400 SE 22nd St, Fort Lauderdale, FL 33316
Four new townhomes perfect for Airbnb or assisted living.
- Added:
- Aug 3, 2023
- Days on Market:
- 1062
- Last Refresh:
- May 12 at 9:11 pm
Property Features for 400 SE 22nd St
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2023
Listing office Flagler Duval Real Estate (305) 371-3592
Listing date Aug 3, 2023
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Flagler Duval Real Estate
HighLights
- New construction townhomes in east Fort Lauderdale
- Close proximity to beach, downtown, and airport
- Potential for Airbnb or leasing for assisted/sober living
- Modern design with open floorplans
- Each unit has 3 bedrooms, 2.5 baths, and 2‑car garage
- High‑end interiors with wood/tile floors and stainless appliances
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $276.5k | $28.80 |
| − Vacancy | −$14.4k | −$1.50 |
| EGI | $262.1k | $27.30 |
| − OpEx | −$117.9k | −$12.29 |
| NOI | $144.2k | $15.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1409555
- Latitude
- 26.1557589
