513 NW 22nd Avenue

Property type

Quadruplex

Subdivision

RIVER GARDENS

Year built

1972

Excellent investment opportunity in Fort Lauderdale! This well-maintained four-unit property features large 2-bedroom, 1-bath residences with 6 parking spaces, offering a desirable and easy-to-manage unit mix. Recent improvements include a new roof installed in 2024, with central A/C in three of the four units, updated kitchens and baths. Current rents offer potential for future increases, providing an opportunity to enhance cash flow and overall return. No Laundry room currently but the rear utility room has potential to be converted into one, creating an additional amenity for tenants and a potential new income stream for the owner. The property is pet-friendly and is situated on a quiet street with convenient access to I-95, Brightline station, shopping, dining, and all that Fort Lauderdale has to offer. With updated interiors, a newer roof, and additional rental upside, this is a great opportunity for an investor looking to add a solid multifamily asset to their portfolio.

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