
$1,750,000 USD
Commercial for Sale, 4404 SW 22nd St 1-8, West Park, FL 33023
- MLS#A11790660
Listed By Compass Florida, LLC
The Commercial Property for Sale located at 4404 SW 22nd St 1-8, West Park, FL 33023 is currently for sale. 4404 SW 22nd St 1-8, West Park, FL 33023 is listed for $1,750,000.
Property features
Lot/Land
- Land/Lot size:
1,432 m² (15,417 ft²)
Construction
- Year built: 1957
Description
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 in 2024. 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.
Location
4404 SW 22nd St 1-8, West Park, FL 33023