355-369 nw 32 st
Oakland Park, FL 33309
$1,300,000
- Multi-family
- 3,287 SF building
- 0.32 acre lot
- $395/SF
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.
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