List Search

3608 NE 22nd Ave
Fort Lauderdale, FL 33308 Coral Ridge Country Club Estates

$590,000

Multifamily For Sale  •  2,035 Sq Ft

Property Details

  • Property Type Multifamily
  • Total Building Size 2,035 Sq Ft
  • Lot Size 0.23 ac
  • Year Built 1961
  • Cap Rate 4.16 %
39 Transit Score
75 Walk Score

Description

The 3608-3612 NE 22nd Avenue duplex is located one block east of North Federal Highway (US-1) in the Coral Ridge neighborhood of East Fort Lauderdale. The property consists of a one-bedroom and one-bathroom unit and a two-bedroom and two-bathroom unit. Each unit has central air-conditioning and heat and residents pay for their own utilities. The property is situated on an approximately 10,000 square foot lot that is lushly landscaped with mature palm trees, a mango and two avocado trees which provide shade to the fenced in back yard. There is a carport with two covered spaces and four additional parking spaces on the property.
The property is centrally located in Fort Lauderdale in the Coral Ridge in the Country Club submarket. The property is a few blocks from Coral Ridge Mall, walking distance to many restaurants, shopping and entertainment. The property is just a few blocks from the intersection of Oakland Park Boulevard and Federal Highway. The duplex is also only a few minutes’ drive from the beach and there are many jobs and good schools in the immediate area. 
This property would be ideal for an owner to live in one unit and rent the other for extra income, lease the units for investment or a possible redevelopment in townhomes which has been done on the adjacent property.

Highlights

Highly Desirable Coral Ridge Location
Located East of North Federal Highway (US-1) Just North of the Coral Ridge Mall
Duplex with One-Bedroom and Two-Bedroom Units
Impact Resistant Windows
Very Strong Residential Neighborhood
Close to Shopping, Entertainment and Restaurants

Property Flyers

Financial Summary (Actual)

Net Operating Income: $24,554 (2019)
Cap Rate: 4.16 %
Total Expenses: $18,626

Amenities

  • Air Conditioning
  • Heating

Public Transportation

Commuter RailDriveWalkDistance
Cypress Creek Commuter Rail (Tri-County Commuter) 10 min - 3.9 mi
Fort Lauderdale Commuter Rail (Tri-County Commuter) 16 min - 7.4 mi
AirportDriveWalkDistance
Fort Lauderdale–Hollywood International Airport 22 min - 12.3 mi
Miami International Airport 60 min - 37.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Felipe Echarte 954-245-3444 Marcus & Millichap
Felipe Echarte 954-245-3444 Marcus & Millichap