6421 22Nd Ave Fort Lauderdale, FL 33308

This exceptional 4-bedroom, 2-bathroom Airbnb in Fort Lauderdale's desirable Imperial Point neighborhood presents a lucrative investment opportunity. Boasting 2,202 square feet on a 7,000 square foot lot, this 1-story, 1969-built property underwent a complete renovation in 2022. Currently operating as a highly-rated, fully furnished Airbnb, it offers immediate income potential. The property features a paid-off solar-heated pool, a 2-car garage (convertible to additional rental space), and ample parking. Financial projections indicate a substantial annual rental income of $181,000, resulting in a pro-forma NOI of $151,000 and a pro-forma cap rate of 15.89%. The current NOI is $100,000, and the cap rate is 10.53%. The asking price is $950,000, with a price per square foot of $431.43. Situated in a RS8 zoned area, this property is located at 6421 NE 22nd Ave, Fort Lauderdale, FL 33308. The property includes some impact windows and French doors, KraftMaid wood cabinets, and a spacious backyard. It is not located in a flood zone. This turnkey operation offers a rare combination of immediate income and significant growth potential. The property is an LLC ownership and has no ground lease. Five parking spaces are available per key.