Excellent opportunity to acquire a 6-unit multifamily property in Oakland Park, ideally located east of U.S. Route 1. The property features a desirable unit mix consisting of four 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, and one studio, appealing to a broad tenant base. The property currently generates nearly $10,000 per month in rental income with a Net Operating Income (NOI) of $93,405. All tenants are on month-to-month leases, offering immediate upside through potential rent increases to market rates. Strategically located just minutes from Fort Lauderdale Beach, I-95, and Fort Lauderdale-Hollywood International Airport, the property benefits from strong rental demand in a highly desirable east-of-US-1 location. This is an excellent opportunity for investors seeking stable cash flow with significant value-add potential.
| MLS # | A11978734 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 179 |
| Listing Provided By | Fausto Commercial Realty Consultants Inc | Elior Levi |
| SQ Feet | 3,287 |
|---|---|
| Story(s) | 1 |
| Units | 1 |
| Zoning | R-2 |
| Water Front | Yes |
| Tax Annual Amount | 19100 |
|---|
| State | FL |
|---|---|
| County | Broward |
| City | Oakland Park |
| Zip Code | 33309 |
| Area | 3720 |
| Community Name | BOULEVARD VILLAS |
| Listing VS Median (in BOULEVARD VILLAS) | |
Price: $1,300,000 low | high Med: $912,500 sqft: 3,287 low | high Med: 2,403 $ / sqft: $395 low | high Med: $371 On site: 179 low | high Med: 92.5 | |
| State | FL |
|---|---|
| County | Broward |
| City | Oakland Park |
| Zip Code | 33309 |
| Area | 3720 |
| Community Name | BOULEVARD VILLAS |
| Listing VS Median (in BOULEVARD VILLAS) | |
Price: $1,300,000 low | high Med: $912,500 sqft: 3,287 low | high Med: 2,403 $ / sqft: $395 low | high Med: $371 On site: 179 low | high Med: 92.5 | |