Priced to sell! Rare opportunity to acquire a well-maintained, high cash-flowing fourplex with large units in Fort Lauderdale. Located at 1471 NW 22nd St, this approximately 3,000 SF property features a desirable unit mix of two 2BD/1BA units and two 1BD/1BA units. Built in 1975, the asset offers PVC plumbing throughout, updated electrical panels, separate electric meters for each unit plus a house meter, and central A/C in all units. Most kitchens and bathrooms have been updated. Additional highlights include onsite coin laundry, a newer shingle roof (2021), accordion storm shutters (2020), and six on-site parking spaces. Offered at a 7.6% cap rate at asking price. Conveniently located minutes from I-95, Downtown Fort Lauderdale, the airport, and Fort Lauderdale Beach.
1471 NW 22nd St, Fort Lauderdale, FL, 33311
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
