Triplex with Impact
1-3-219 Nw 40th Ct, Oakland Park, FL
For Sale
$699,900
Three occupied apartments provide a mix of one- and two-bedroom layouts, each with a washer and dryer.
Property Size2,097 SF
Price / SF$333.76
Days on Market16
Property Features for 1-3-219 Nw 40th Ct
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
impact windows
granite kitchen
central A/C
washer and dryer in units
Building Details
Tenancy
Listing Agency:
Bank On It Realty
(954) 515-0030
Listed By:
Eugene J Schroeder · License #687483
(954) 816-4363
Source:
Exprealty
Added: Oct 23
Changed: Nov 5
Last Checked: Nov 6 at 10:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bank On It Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,097-square-foot triplex contains three rented apartments: one two-bedroom, one-bath unit and two one-bedroom, one-bath units. Each residence has a washer and dryer, central air conditioning, and updated interior finishes. Kitchens include granite countertops, and the building has impact windows and separate electrical meters for each unit.
The property is in Oakland Park. Tenants pay their own electricity, while water is paid by the owner.
The property is in Oakland Park. Tenants pay their own electricity, while water is paid by the owner.
Key Highlights
- Three rented units: one 2/1 and two 1/1 apartments
- 2,097 square feet
- Impact windows and individual electrical meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,957
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$699,140
$699.1K
Cap Rate 7%
$499,386
$499.4K
Cap Rate 9%
$388,411
$388.4K
Market Conditions
NOI Build-Up for 2,097 SF
Gross rent
$52.8K $25.20/SF
− Vacancy
−$2.9K −$1.39/SF
EGI
$49.9K $23.81/SF
− OpEx
−$15.0K −$7.14/SF
NOI
$35.0K $16.67/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$699,140
Cap Rate 7%
$499,386
Cap Rate 9%
$388,411
Alternative Uses
Best Use
Multifamily LT 5
$499.4K
$437.0K – $582.6K
NOI $34,957 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$460.7K
$403.1K – $537.5K
NOI $32,250 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$1.06M
$930.9K – $1.24M
NOI $74,473 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,707
Businesses Nearby
Explore this area
Business Placement
Market
Average Price Trend$/SF for Triplexes in Broward County, FL
Properties on Market for Triplexes in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied apartments provide a mix of one- and two-bedroom layouts, each with a washer and dryer.
Where is this triplex located?
The property is located at 1-3-219 Nw 40th Ct Oakland Park, FL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Three rented units: one 2/1 and two 1/1 apartments; 2,097 square feet; Impact windows and individual electrical meters
