635 22nd Rd ,Attached, Quadruplex, Washington Park for Sale

635 22nd Rd for Sale

Price $649,000.00

• Lot size 1810
• Year Build 1967
• Waterfront
• Zip 33311
• Style Attached
• Parking Description
• Pool Yes
• Status Active

Description

Fully Leased Fourplex Asset | Core Fort Lauderdale Location 7.04% CAP Rate An exceptional opportunity to acquire a fully leased, turnkey four-unit multifamily property in one of Fort Lauderdale?s strongest rental sub-markets. This income-producing asset offers immediate cash flow and long-term value appreciation, making it well-suited for both portfolio expansion and strategic 1031 exchange placement. Asset Highlights: 4 Fully Occupied Units| Separately metered for water Private Off-Street Parking. High tenant retention appeal 1,810 SF Total Living Area. Low-maintenance construction 5 Bedrooms / 4 Bathrooms. Functional and efficient layouts Prime Urban Location: Positioned within minutes of Downtown Fort Lauderdale, Las Olas, and major transit routes.

WASHINGTON PARK 19-22 B LOT 2 BLK 3

Less Than 1/4 Acre Lot

Fully Leased Fourplex Asset | Core Fort Lauderdale Location 7.04% CAP Rate An exceptional opportunity to acquire a fully leased, turnkey four-unit multifamily property in one of Fort Lauderdale?s strongest rental sub-markets. This income-producing asset offers immediate cash flow and long-term value appreciation, making it well-suited for both portfolio expansion and strategic 1031 exchange placement. Asset Highlights: 4 Fully Occupied Units| Separately metered for water Private Off-Street Parking. High tenant retention appeal 1,810 SF Total Living Area. Low-maintenance construction 5 Bedrooms / 4 Bathrooms. Functional and efficient layouts Prime Urban Location: Positioned within minutes of Downtown Fort Lauderdale, Las Olas, and major transit routes.

City:Fort Lauderdale,Zoning:CB,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2024,Latitude:26.130014,Cooling Y N:1,Heating Y N:1,List Price:649000,Listing Id:A11830697,Longitude:-80.171477,Mls Status:Active,Year Built:1967,Living Area:1810,Postal Code:33311,Street Name:22nd Rd,Coordinates:1:26.130014,Photos Count:28,Building Name:WASHINGTON PARK,Days On Market:80,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:3860,M L S Area Major:Washington Park,On Market Date:2025-06-29,Parcel Number:504205010540,Parking Total:4,Property Type:Residential Income,Stories Total:1,Street Number:635,M I A M I R E_ Style:Fourplex,Public Remarks:Fully Leased Fourplex Asset | Core Fort Lauderdale Location 7.04% CAP Rate An exceptional opportunity to acquire a fully leased, turnkey four-unit multifamily property in one of Fort Lauderdale?s strongest rental sub-markets. This income-producing asset offers immediate cash flow and long-term value appreciation, making it well-suited for both portfolio expansion and strategic 1031 exchange placement. Asset Highlights: 4 Fully Occupied Units| Separately metered for water Private Off-Street Parking. High tenant retention appeal 1,810 SF Total Living Area. Low-maintenance construction 5 Bedrooms / 4 Bathrooms. Functional and efficient layouts Prime Urban Location: Positioned within minutes of Downtown Fort Lauderdale, Las Olas, and major transit routes.,Structure Type:1:Fourplex,County Or Parish:Broward County,Expiration Date:2025-12-31,List Office Name:Best Homes, LLC.,Standard Status:Active,Window Features:1:Impact Glass,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:7725,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:WASHINGTON PARK,Tax Annual Amount:12060,Total Actual Rent:64200,Unparsed Address:635 NW 22nd Rd, Fort Lauderdale FL 33311,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:1810,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:AE,X,M I A M I R E_ L P Amt Sq Ft:358.5635,Original List Price:649000,Public Survey Range:50,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Net Operating Income:45700,Number Of Units Total:4,Syndication Remarks:Fully Leased Fourplex Asset | Core Fort Lauderdale Location 7.04% CAP Rate An exceptional opportunity to acquire a fully leased, turnkey four-unit multifamily property in one of Fort Lauderdale?s strongest rental sub-markets. This income-producing asset offers immediate cash flow and long-term value appreciation, making it well-suited for both portfolio expansion and strategic 1031 exchange placement. Asset Highlights: 4 Fully Occupied Units| Separately metered for water Private Off-Street Parking. High tenant retention appeal 1,810 SF Total Living Area. Low-maintenance construction 5 Bedrooms / 4 Bathrooms. Functional and efficient layouts Prime Urban Location: Positioned within minutes of Downtown Fort Lauderdale, Las Olas, and major transit routes.,Listing Contract Date:2025-06-29,Originating System I D:miamire,Showing Instructions:Showing Assist,Street Number Numeric:635,Tax Legal Description:WASHINGTON PARK 19-22 B LOT 2 BLK 3,M I A M I R E_ Current Price:649000,Public Survey Township:50,Construction Materials:1:CBS Construction,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:1810,M I A M I R E_ Exp Incl Retax Y N:1,M I A M I R E_ Geographic Area:Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810),M I A M I R E_ Internet Remarks:7.04 Cap rate! Fully leased with solid history of proven income.,M I A M I R E_ Parcel Number M L X:0540,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$26.130019$-80.17148$286.06$13.33$1.00$DyOodRx_iawBUkW0ehYUoA,Contract Status Change Date:2025-06-29,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),M I A M I R E_ Subdivision Number:1,M I A M I R E_ Exp Incl Insurance Y N:1,M I A M I R E_ Agent Alternate Phone:561-450-9676,M I A M I R E_ Supplemental Remarks:This property benefits from strong tenant demand driven by proximity to employment centers, retail, dining, and beaches. Investment Notes: No HOA| Simplified ownership structure. Built in 1967. Zoned for additional development flexibility with Strong Local Rents and Consistent ongoing cash flow New roof, newly renovated, Impact windows. This rare offering combines location, stability, and upside in a market with limited supply and rising demand.,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:635 NW 22nd Rd,M I A M I R E_ Exp Incl Lawn Maintenance Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:358.56,Internet Automated Valuation Display Y N:1,