For Sale

355-369 nw 32 st

Oakland Park, FL 33309

$1,300,000

Highlights

  • 3,287 SF building on a 13,800 SF (0.32 acres) lot
  • 6 units
  • Built in 1965
  • Asking $395/SF

Property facts

Price
$1,300,000
Price per SF
$395/SF
Property type
Multi-family
Building size
3,287 SF
Lot size
13,800 SF (0.32 acres)
Year built
1965
Units
6

About this property

Excellent opportunity to acquire a 6-unit multifamily property in Oakland Park, ideally located east of US Route 1. The property features a strong unit mix of four 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, and one studio, appealing to a wide tenant base. The building 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, providing immediate upside potential through rent increases to market rates. Located just minutes from Fort Lauderdale beaches, I-95, and Fort Lauderdale-Hollywood International Airport, the property benefits from a prime east-of-US-1 location with strong rental demand, making it an excellent opportunity for investors seeking stable cash flow with value-add potential.

From the listing broker.

Location

Similar listings nearby

More in Oakland Park