4404 SW 22nd St - Apartments FOR SALE


West Park, FL 33023
$1,750,000 USD
305-989-6686
4404 SW 22nd St, West Park, FL for Sale
$1,750,000 USD
Apartments - FOR SALE
1/21
null | 4.84% Cap Rate

4404 SW 22nd St
West Park, FL 33023


OVERVIEW

This 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. 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.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$379 USD /SF

# OF UNITS

8

PRICE/UNIT

$218,750

CAP RATE

4.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,417 SF

ZONING

R-1C

APN/PARCEL ID

51-42-19-01-2770

ASK ABOUT THIS PROPERTY

Joshua KaufmanCompassMore Info
305-989-6686

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Joshua KaufmanCompassMore Info
305-989-6686

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.