5401 22nd St ,Attached, Quadruplex, Stonebridge Estates for Sale

5401 22nd St for Sale

Price $1,150,000.00

• Lot size 3744
• Year Build 1976
• Waterfront
• Zip 33313
• Style Attached
• Parking Description
• Pool Yes
• Status Active

Description

Prime Investment Opportunity in Lauderhill! This well maintained fourplex offers investors a low-maintenance, income-generating asset. Each spacious 2BD/1BTH unit provides ample space for tenants. Recent updates across the property, including flooring, kitchens, bathrooms, and on-site washer/dryer enhance its appeal. Independent electric meters for each unit reduce management costs (owner covers water). With a recent $25,000 pipelining project and a lifetime warranty on the pipes maintenance needs are minimal. Situated near Sunrise and Plantation, this property is ideally located in a high-demand rental area. The nearby Lenar townhouse development, just a half-mile away, underscores the area's growth potential, with units starting from $480K-$520K.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11693095 Showings by appointment only; please do not disturb tenants. Submit all offers with Proof of Funds or Pre-Approval. Long-term tenants in place with annual leases; with further upgrades inside the units rents can be increased, providing value-add potential. High-cap rate, low-vacancy area. Ideal for investors seeking reliable income with potential for rent adjustments. Gross rent: ($1950+$1950+1950+$2150)*12 = $8,000/m*12 = $96,000/yr Expenses: Property Taxes: $14,900/yr (2024) Water/Sewer/Trash/Recycling: $400*12=$4800/yr Landscape: $40*10=$400/yr Insurance: $600/yr Total Expenses: $20,700 Net Operating Income (NOI): $75,300/yr NOI CAP: 6.55% Gross CAP: 8.35% More at https://www.veta.group/5401nw22ndst

STONEBRIDGE ESTATES 75-15 B LOT 2 BLK 3

Less Than 1/4 Acre Lot

Prime Investment Opportunity in Lauderhill! This well maintained fourplex offers investors a low-maintenance, income-generating asset. Each spacious 2BD/1BTH unit provides ample space for tenants. Recent updates across the property, including flooring, kitchens, bathrooms, and on-site washer/dryer enhance its appeal. Independent electric meters for each unit reduce management costs (owner covers water). With a recent $25,000 pipelining project and a lifetime warranty on the pipes maintenance needs are minimal. Situated near Sunrise and Plantation, this property is ideally located in a high-demand rental area. The nearby Lenar townhouse development, just a half-mile away, underscores the area's growth potential, with units starting from $480K-$520K.

City:Lauderhill,Zoning:RM-22,Cooling:1:Electric,Heating:1:Electric,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2024,Flooring:1:Wood,Latitude:26.154866,Cooling Y N:1,Heating Y N:1,List Price:1150000,Listing Id:A11693095,Longitude:-80.22192,Mls Status:Active,Year Built:1976,Directions:From I-95, take exit 29 for Sunrise Boulevard West. Continue on Sunrise Boulevard, then turn right onto NW 55th Avenue. Head north until you reach NW 22nd Street, then turn right. The property will be on your left side, with clear street visibility.,Living Area:3744,Postal Code:33313,Street Name:22nd St,Coordinates:1:26.154866,Photos Count:52,Building Name:STONEBRIDGE ESTATES,Days On Market:5,Listing Terms:1:Conventional,2:Exchange,Lot Size Units:Square Feet,M I A M I R E_ Area:3750,M L S Area Major:Stonebridge Estates,On Market Date:2024-11-13,Parcel Number:494126080700,Parking Total:6,Property Type:Residential Income,Rent Includes:1:Sewer,2:Trash Collection,3:Water,Stories Total:1,Street Number:5401,M I A M I R E_ Style:Fourplex,Public Remarks:Prime Investment Opportunity in Lauderhill! This well maintained fourplex offers investors a low-maintenance, income-generating asset. Each spacious 2BD/1BTH unit provides ample space for tenants. Recent updates across the property, including flooring, kitchens, bathrooms, and on-site washer/dryer enhance its appeal. Independent electric meters for each unit reduce management costs (owner covers water). With a recent $25,000 pipelining project and a lifetime warranty on the pipes maintenance needs are minimal. Situated near Sunrise and Plantation, this property is ideally located in a high-demand rental area. The nearby Lenar townhouse development, just a half-mile away, underscores the area's growth potential, with units starting from $480K-$520K.,Structure Type:1:Fourplex,County Or Parish:Broward County,List Office Name:AG Real Estate Advisors, LLC,Standard Status:Active,Window Features:1:Hurricane Shutters,2:Blinds,3:Drapes,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3235,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:STONEBRIDGE ESTATES,Tax Annual Amount:14900,Total Actual Rent:96000,Unparsed Address:5401 NW 22nd St, Lauderhill FL 33313,Exterior Features:1:Fruit Trees,2:Room For Pool,Listing Agreement:Exclusive Right To Sell,Operating Expense:20700,Year Built Details:Unknown,Building Area Total:3744,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:307.1581,Original List Price:1150000,Public Survey Range:49,Building Area Source:Building Plan/Survey,Documents Available:1:Investment Analysis,2:Copy Of Lease(S),3:Other Available Information,4:Rent Rolls,5:Service Contracts,I D X Participation Y N:1,Net Operating Income:75300,Number Of Units Total:4,Syndication Remarks:Prime Investment Opportunity in Lauderhill! This well maintained fourplex offers investors a low-maintenance, income-generating asset. Each spacious 2BD/1BTH unit provides ample space for tenants. Recent updates across the property, including flooring, kitchens, bathrooms, and on-site washer/dryer enhance its appeal. Independent electric meters for each unit reduce management costs (owner covers water). With a recent $25,000 pipelining project and a lifetime warranty on the pipes maintenance needs are minimal. Situated near Sunrise and Plantation, this property is ideally located in a high-demand rental area. The nearby Lenar townhouse development, just a half-mile away, underscores the area's growth potential, with units starting from $480K-$520K.,Listing Contract Date:2024-11-13,Originating System I D:miamire,Public Survey Section:26,Showing Instructions:Call Listing Agent,List Agent Must Accompany,See Broker Remarks,Street Number Numeric:5401,Tax Legal Description:STONEBRIDGE ESTATES 75-15 B LOT 2 BLK 3,Green Energy Efficient:1:HVAC,2:Lighting,Public Survey Township:49,Originating System Name:Miami Association of REALTORS?,Patio And Porch Features:1:Open Porch,M I A M I R E_ Adjusted Area S F:3744,M I A M I R E_ Internet Remarks:Income-producing fourplex in Lauderhill! Updated 2BD/1BTH units, separate electric meters, washer/dryer, lifetime pipe warranty, strong rental demand.,Contract Status Change Date:2024-11-13,Internet Address Display Y N:1,Number Of Units In Community:4,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:307.16,