I. Location
Offering Memorandum
Income-Producing Fourplex
in Lauderhill, Florida
5401-5407 NW 22nd Street, Lauderhill, Florida 33313
FOR SALE - $1,050,000
This offering memorandum presents a comprehensive overview of the investment opportunity for the property located at 5401-5407 NW 22nd Street, Lauderhill, Florida 33313. It provides detailed information about the property's key features, its location, market dynamics, and the potential financial returns for investors.
The memorandum is designed to provide potential investors with all the necessary information to make an informed decision regarding this investment opportunity. It includes a comprehensive analysis of the property's current market value, projected cash flows, and potential upside. Additionally, it addresses key legal and regulatory considerations associated with the investment.

4% SELLER CONCESSIONS!
Executive Summary
Strategic Investment Opportunity
Located at 5401-5407 NW 22nd Street, Lauderhill, FL, this property combines cash flow, value-add potential, and redevelopment opportunities in a high-growth market.
  • Zoning and Land Use: Zoned RM-22 and designated Medium-High Residential (25 units/acre), supporting high-density multifamily development.
  • Value-Add Opportunities: Modernize units to increase rents, align with market rates, or redevelop into a larger multifamily project. Potential to acquire adjacent lots for expanded development.
  • Recent Enhancements: A completed piping project enhances operational efficiency and reduces maintenance risks.
  • Opportunity Zone Benefits: Investors can defer capital gains taxes, reduce taxable gains, and exclude appreciation after 10 years.
  • Prime Location: Family-friendly neighborhood near parks, schools, and Lauderhill City Hall ensures consistent demand.
Investment Potential:
This property offers a rare combination of redevelopment potential, tax benefits, and strong market demand, making it a highly attractive asset for investors.
I. Location
Investment Highlights
Prime Location
Situated in a rapidly growing area of Lauderhill, FL, the property enjoys excellent visibility and proximity to major thoroughfares, shopping centers, and entertainment options.
Strong Tenant Demand
The property benefits from a strong rental market in Lauderhill, with high occupancy rates and a steady demand for well-maintained, affordable housing. The building's location and amenities make it an attractive option for tenants.
Upgraded Units
Recent renovations and upgrades have enhanced the appeal and functionality of the units, leading to increased rental income and tenant satisfaction, as well as reduced maintenance cost.
Development in the Area
As one of the development examples, Azalea Isle, Lennar’s newest community of spacious townhomes for sale in Lauderhill, starting at $480K-$520K, was built in 2024 just 0.5 mile away from the property on the same street.
Property Address
The subject property is strategically located at 5401-5407 NW 22nd Street, Lauderhill, FL 33313. This address encompasses a four-unit residential property situated in a prime location within the City of Lauderhill. Lauderhill is a vibrant city in Broward County, Florida, known for its diverse community, well-maintained residential areas, and convenient access to major highways and amenities. The property's location offers residents a comfortable and desirable living environment, making it an attractive investment opportunity.
The property's address is easily accessible and visible from the street, ensuring high visibility and potential for attracting tenants. Its placement within the city's desirable residential zone contributes to its market value and potential for steady rental income.
Location
The subject property, located at 5401-5407 NW 22nd Street, Lauderhill, FL 33313, is strategically positioned in a thriving residential area of Lauderhill. Lauderhill is a city in Broward County, Florida, known for its diverse population, strong economy, and convenient access to major highways and amenities.
The property sits in close proximity to major thoroughfares such as Sunrise Boulevard, West Oakland Park Boulevard and NW 55th Avenue, providing excellent visibility and accessibility. This prime location offers residents easy access to local businesses, shopping centers, schools, and recreational facilities. The City Hall for the City of Lauderhill is only a mile away from the property. The area is characterized by its well-maintained residential neighborhoods with a mix of single-family homes, townhouses, and apartment complexes.
Lauderhill's strong economic growth and rising property values make it an attractive investment destination. The city boasts a diverse mix of industries, including healthcare, education, retail, and hospitality, contributing to a robust job market. The presence of major employers such as Broward Health Medical Center and Nova Southeastern University further enhances the area's economic stability.
With its desirable location, robust infrastructure, and thriving community, the subject property in Lauderhill presents a compelling opportunity for investors seeking a stable and profitable investment in a high-growth market.
Aerial and Site Maps
The aerial view of the property at 5401-5407 NW 22nd Street, Lauderhill, FL 33313, showcases its strategic location and the surrounding neighborhood. This visual representation allows potential investors to gain a comprehensive understanding of the property's physical attributes and its relationship to the surrounding environment.
The aerial view highlights the property's proximity to major thoroughfares and amenities, such as shopping centers, schools, and public transportation. It also provides insight into the density of the surrounding development and the overall character of the neighborhood. This level of detail is crucial for understanding the property's functionality and potential for redevelopment or expansion.
Aerials
This property is located in a highly desirable, family-friendly neighborhood, surrounded by parks, schools, and recreational facilities—making it a prime location to attract long-term tenants. Its quiet environment, proximity to Lauderhill City Hall, and accessibility to key amenities ensure consistent demand from renters seeking a convenient and welcoming community.
II. Property Characteristics
Property Overview
The subject property, located at 5401-5407 NW 22nd Street in Lauderhill, Florida, is a multi-family residential complex comprising a total of 4 units. This property presents a compelling investment opportunity due to its strategic location in a rapidly growing area, its solid rental history, and its potential for value appreciation.
  • The property consists of one building, featuring four units, offering spacious two-bedroom, one-bath layout to cater to a variety of tenant profiles.
  • The property has been meticulously maintained, with recent renovations across units, including updates to kitchens, flooring, and bathrooms, enhancing tenant satisfaction, ensuring its long-term viability and attracting a desirable tenant pool.
  • The property benefits from a strong rental demand in the Lauderhill market, driven by a robust local economy and limited available housing options. This translates into consistent rental income and attractive returns for investors.
  • The property's location within close proximity to major highways, public transportation, and essential amenities, such as shopping centers, schools, and parks, further enhances its appeal to tenants.
  • Each unit is equipped with an independent electric meter, providing tenants with direct control and transparency over their electricity usage and costs.
  • The property features an on-site washer and dryer in the building, offering convenient laundry facilities for tenants and adding significant value to the rental experience.
The property offers a combination of value, stability, and growth potential, making it an ideal investment for individuals or entities seeking a reliable and profitable addition to their real estate portfolio.
Building Details
The property at 5401-5407 NW 22nd Street, Lauderhill, FL 33313, consists of a multi-family residential building that offers a mix of spacious and well-maintained units. The building features a classic architectural style, with a combination of brick and stucco exterior, and is in good condition, showcasing a well-maintained facade. The property is equipped with ample parking for residents and visitors, ensuring convenient and safe parking for all occupants.
This property has been meticulously maintained and boasts a range of desirable features. The building is designed to provide a comfortable and functional living experience for its tenants. This includes well-appointed kitchens, modern bathrooms, and spacious living areas. The property also includes a number of amenities, such as a laundry facility, adding to the convenience and comfort of the residents. The property has a strong track record of attracting and retaining tenants, ensuring a stable income stream for investors.
Unit Mix
Residential Units
The property at 5401-5407 NW 22nd Street, Lauderhill, FL 33313, comprises of four two-bedroom one-bathroom residential units, catering to a range of needs and preferences and ensuring a suitable option for individuals, families, and small groups.
Unit Features
Each unit within the property is designed with convenient layout and modern finishes, creating comfortable and functional living spaces. The units are equipped with modern appliances, spacious kitchens, and well-maintained bathrooms.
  • Central Air Conditioning
  • Washer and Dryer on the Property
  • Outdoor Area
Updates and Finishes
The units feature well-maintained interiors with a clean, modern aesthetic. Recent selective updates include upgraded kitchens with sleek cabinetry and stainless-steel appliances, as well as refreshed bathrooms with new fixtures and flooring. The combination of durable tile and laminate flooring throughout the units ensures low-maintenance upkeep, making these units both tenant-ready and attractive to renters seeking move-in-ready spaces.
Floorplan
This thoughtfully designed floorplan maximizes living space and functionality, offering an ideal layout for modern urban living. With strategically arranged rooms that provide both comfort and efficiency, the property presents an attractive living solution for individuals or families seeking a well-organized home. The estimated floorplan showcases an intelligent use of square footage, ensuring each area is purposeful and inviting.
III. Financials
Comparable Properties
Active Comparables
Explore currently available properties, including rental income data to highlight their investment potential.
Comparable Properties
Closed Comparables
A selection of recently closed long-term rental properties, showcasing market trends and investment potential.
Income and Expenses
The property at 5401-5407 NW 22nd Street, Lauderhill, FL 33313 generates a consistent income stream through rental payments from its four units. This income is meticulously tracked and analyzed to provide a clear picture of the property's financial performance. The income and expense statement provides insights into the property's profitability and potential for future growth. It's an essential tool for investors and potential buyers to understand the property's financial health.
$96,000
Annual Revenue
$20,700
Annual Expenses
$75,300
Net Operating Income
This represents the property's profitability after deducting operating expenses.
9.14%
Gross Cap Rate
This metric indicates the property's potential return on investment and is based on the relationship between the property's income and its value.
The income and expense statement covers a specific period, typically a year. It includes all rental income, including base rent, late fees, and other charges, as well as details on all operating expenses. These expenses can be categorized into fixed and variable costs. Fixed costs include property taxes, insurance premiums, and management fees, while variable costs fluctuate based on usage, such as utilities and maintenance expenses.
Financial Analysis
The financial analysis shows the property's profitability and investment potential.
Rent Roll
The rent roll highlights a mix of tenants with strong lease terms, offering stable cash flow and a foundation for potential rental increases. With a 100% occupancy rate and slightly below market rents, this property provides a secure income stream for investors
Rent Growth Potential and Market Comparables
Unlock Higher Rental Income
The subject property offers significant opportunities to align rental rates with the market and capitalize on untapped revenue potential.
  • Current Rents: Units are leased at rates between $1,950 and $2,150 per month.
  • Market Comparables:
  • 2218 NW 59th Way: 2-bed, 1.5-bath, 940 SF, leased for $2,200/month.
  • 2212 NW 59th Way: 2-bed, 2.5-bath, 868 SF, leased for $2,200/month.
  • 2291 NW 59th Way: 2-bed, 1.5-bath, 3,013 SF, leased for $2,150/month.
  • Rent Growth Opportunity: With light interior upgrades, current rents can be increased by 10%-15% to align with comparable properties in the area.
Value-Add Potential:
  • Enhance unit interiors to command higher rents.
  • Adjust rental pricing to meet the growing market demand for updated, well-located properties.
Rental Comparable Properties
2218 NW 59th Way
2-bed, 1.5-bath
940 SF
Leased for $2,200/month
2212 NW 59th Way
2-bed, 2.5-bath
868 SF
Leased for $2,200/month
2291 NW 59th Way
2-bed, 1.5-bath
1,004 SF
Leased for $2,150/month
Return on Investment
$1.05M
Purchase Price
$1,050,000
13%
Rent Increase
from $1,950 to $2,200/month
$1.76M
Resale
Gross rent - $8,800/month,
or $105,600/year
@ 6% CAP rate
$1,760,000
77.7%
Return on Investment (ROI)
$1,760,000 - $1,050,000 = $710,000
Plus, Annual Rent: $105,600
Total Return:
$815,600
With Lending & Resale in a year
20%
Original Investment
Loan: $1.05M * 80% = $840,000
Putting down 20%, or
$210,000
79%
Debt Service
Rent Increase: from $1,950 to $2,200/month
Gross Rent: $8,800/month
Monthly Loan Payment at 6.3% - $6,943/m
Monthly Income: $1,857/m (21%)
$1.76M
Resale
Gross rent - $8,800/month, or
$105,600/year
at 6% CAP rate
$1,760,000
4.49x
Cash-on-Cash
Original Investment: $210,000
Rent Income: $1,857 * 12 = $22,284
Sale Proceeds: $1.76M-$840K= $920K
Total Profit:
$942,284
Investment & Profit (w/lending)
Original Investment with lending is $210,000.
Total Profit after loan repayment and rental income is $942,284.
IV. Value-Add Opportunities
Exceptional Investment Opportunity
Content:
This property offers a unique combination of benefits designed to optimize your investment returns:
  • Flexible Zoning (RM-22): Permits up to 22 dwelling units per acre, enabling high-density development for multi-family or mixed-use projects.
  • Strategic Land Use (Medium-High Residential): Allows for up to 25 units per acre, aligning with market demand for modern residential housing and maximizing revenue potential.
  • Opportunity Zone Tax Benefits:
  • Deferred Capital Gains Taxes
  • Reduced Taxable Gains
  • Tax-Free Growth
  • Flood-Safe Location: The property is not in a flood zone, reducing insurance costs and mitigating risk.
  • Prime Location: Family-friendly neighborhood near parks, schools, and Lauderhill City Hall ensures high tenant demand and stable occupancy.
Investor Highlights:
  • Maximize revenue potential with high-density redevelopment.
  • Leverage Opportunity Zone tax incentives for greater after-tax ROI.
  • Secure a stable and scalable investment in a growing market.
City Zoning: RM-22
The subject property, located at 5401-5407 NW 22nd Street, Lauderhill, FL 33313, is situated in a vibrant and rapidly developing area.
The property is zoned RM-22 (Residential Multi-Family, 22 units per acre), allowing for high-density residential development. This zoning designation offers significant flexibility and opportunities for redevelopment, including:
  • High-Density Potential: Permits up to 22 residential units per acre, ideal for multifamily apartments, condominiums, or townhouses.
  • Versatile Land Use: Supports diverse residential configurations, catering to a variety of tenant demographics.
  • Redevelopment Opportunity: The zoning enables investors to reposition the property, maximize density, and enhance rental income potential.
Strategic Advantage:
With RM-22 zoning, this property is poised for transformative development, aligning with Lauderhill's growing demand for modern, high-density housing solutions.
Flood Zone: X
This property is classified under FEMA Zone X, indicating a minimal flood hazard risk.
  • Zone Description:
  • Zone X: Located outside the 500-year floodplain and protected from 100-year flood risk.
  • Represents an area with minimal flood hazard, ensuring reduced insurance requirements and lower risk of water-related damage.
Investor Benefits:
  • Lower Insurance Costs: Flood insurance is not mandatory, reducing operating expenses.
  • Enhanced Property Safety: Minimal flood risk increases tenant and investor confidence.
  • Long-Term Stability: Reduced likelihood of flood-related disruptions ensures consistent cash flow and asset security.
Opportunity Zone:
Census Tract 603.03
The property is located within Census Tract 603.03, a federally designated Opportunity Zone. This designation offers significant tax advantages* for investors looking to defer or reduce capital gains taxes while promoting community development.
Key Benefits of Investing in an Opportunity Zone:
  • Capital Gains Deferral
  • Reduction of Taxable Gains
  • Exclusion of Gains
Strategic Advantage:
Redeveloping this property under the Opportunity Zone framework provides not only financial benefits for investors but also supports the revitalization of the surrounding community.
*Please consult with your CPA on tax-strategies and benefits of investing into an opportunity zone.
Land Use: Medium-High Residential (Code 38)
The property is designated with Land Use Code 38, classified as Medium-High Density Residential under Broward County's zoning and land use regulations. This designation offers significant development flexibility for residential purposes.
Key Characteristics of Land Use Code 38:
  • Density Allowance: Permits residential development with up to 25 dwelling units per acre.
  • Development Opportunities: Ideal for multi-family developments, including apartments, townhomes, and condominiums.
  • Compatibility: Aligns with Lauderhill’s focus on providing high-density housing to meet growing demand.
Strategic Potential:
This land use code positions the property as a prime candidate for redevelopment into a modern, high-density residential project, acquiring adjacent lots, maximizing both land value and income potential.
Rental Rates Value-Add Potential
Renovating units to modern standards can yield higher rents.
Adding features such as a washer/dryer combination inside the unit, improved landscaping with added privacy, or upgrading lighting and installing smart home technology.
Aligning rental rates with current market conditions.
Unlock additional revenue streams through minimal capital investment.
Exit Strategies
Benefit from steady rental income and market appreciation.
Reinvest equity into additional property enhancements or acquisitions.
Market the property as a stabilized, income-producing asset.
Capitalize on zoning flexibility for potential mixed-use development.
Tailored exit strategies provide flexibility to maximize returns based on investor goals.
Confidentiality Agreement
This Offering Memorandum and related materials contain confidential information about the property at 5401-5407 NW 22nd Street, Lauderhill, FL 33313. This information is intended solely for the recipient and may not be disclosed to third parties without the Seller's written consent.
By accepting this Offering Memorandum, the recipient agrees to:
  • Treat all information as strictly confidential.
  • Not disclose any confidential information to third parties without the Seller's prior written consent.
  • Use the confidential information solely for evaluating the potential acquisition of the property.
  • Return all copies of the Offering Memorandum and related materials to the Seller upon request.
The Seller reserves the right to pursue legal remedies for any breach of this confidentiality agreement.
Disclaimer
This Offering Memorandum is provided for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy. The information contained herein has been obtained from sources believed to be reliable, but is not guaranteed to be accurate or complete and is subject to change without notice.
Potential purchasers are advised to conduct their own due diligence and are solely responsible for verifying the information contained herein. No representation or warranty, express or implied, is made as to the accuracy or completeness of the information contained herein. This Offering Memorandum is not intended to be used as a substitute for professional advice.
Contact
Yulia Vargas, MBA, CCIM
VETA Group | AG Commercial Real Estate Advisors
Commercial Broker Associate | Investor | Trainer | Advisor

📞 786.780.3344
📍 40 SW 13th Street #202, Miami, FL 33130
✉️ [email protected]
🌐 www.VETA.Group