Duplex with Townhome
1056 NE 34th Court, Oakland Park, FL 33334
For Sale
$599,900
Tenant-occupied duplex with CSR-approved architectural plans for a four-townhome project.
Property Size1,734 SF
Price / SF$345.96
Days on Market41
Property Features for 1056 NE 34th Court
General Information
Standard status
Size
Property subtype
Land
Land Use
Entitled
Buildable Units
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
RE/MAX 5 Star Realty
(954) 361-0000
Listed By:
Alejandro Bruno · License #3118923
(954) 673-7739
Source:
Wycliffecommunityrealty
Added: Sep 30
Changed: Nov 8
Last Checked: Nov 8 at 4:45PM
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 RE/MAX 5 Star Realty
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Investment Insights
Based on property information with market context.
This 1,734-square-foot duplex, built in 1961, is occupied by tenants and currently generates rental income. Architectural plans with CSR approval outline a four-townhome development; the property can also continue in its existing duplex use.
The property is in downtown Oakland Park, within walking distance of restaurants, breweries, parks, and shopping. Wilton Manors is less than 1 mile away, and Fort Lauderdale beaches are approximately 2 miles away.
The property is in downtown Oakland Park, within walking distance of restaurants, breweries, parks, and shopping. Wilton Manors is less than 1 mile away, and Fort Lauderdale beaches are approximately 2 miles away.
Key Highlights
- 1,734‑square‑foot duplex built in 1961
- Tenants in place and rental income currently being generated
- CSR‑approved architectural plans for a four‑townhome project
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,497
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,940
$529.9K
Cap Rate 7%
$378,529
$378.5K
Cap Rate 9%
$294,411
$294.4K
Market Conditions
NOI Build-Up for 1,734 SF
Gross rent
$51.0K $29.40/SF
− Vacancy
−$2.8K −$1.62/SF
EGI
$48.2K $27.78/SF
− OpEx
−$21.7K −$12.50/SF
NOI
$26.5K $15.28/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,940
Cap Rate 7%
$378,529
Cap Rate 9%
$294,411
Alternative Uses
Best Use
Apartment 5plus
$378.5K
$331.2K – $441.6K
NOI $26,497 @ 7.0% cap · market cap 4.42%
Second Best
Multifamily LT 5
$290.8K
$254.5K – $339.3K
NOI $20,358 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$879.7K
$769.8K – $1.03M
NOI $61,581 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
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Business Placement
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Oakland Park, FL
Properties on Market for Duplexes in Oakland Park
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex with CSR-approved architectural plans for a four-townhome project.
Where is this duplex located?
The property is located at 1056 NE 34th Court Oakland Park, FL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 1,734‑square‑foot duplex built in 1961; Tenants in place and rental income currently being generated; CSR‑approved architectural plans for a four‑townhome project
