4404 SW 22nd St 1-8, West Park, Florida 33023
MLS#: A11790660
$1,750,000 USD
Listed By Compass Florida, LLC
The Commercial Property for Sale located at West Park, Florida 33023 is currently for sale. West Park, Florida 33023 is listed for $1,750,000. If the property located at West Park, Florida 33023 isn't what you're looking for, visit https://www.sfpropertysearch.com to see other Commercial Properties for Sale in West Park .
Date Updated : Apr 25, 2025
Property features
Construction details
- 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
All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.