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    2140-2160 29 St Oakland Park, FL 33311

    For Sale
    $1,390,000

    Seven-unit property, strong cash flow.

    Property size:
    5,701 SF

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    306
    This exceptional seven-unit multifamily investment property, located at 2140-2160 NW 29th St #7 in Oakland Park, Florida, presents a compelling opportunity for discerning investors. Priced at $1,390,000, this property boasts a total of 5,701 square feet and was built in 1961. The property's strategic location, just off the Oakland Park and I-95 interchange and near the Oakland Park Shopping Center, ensures high visibility and convenient access. The diverse unit mix includes one junior one-bedroom unit, four one-bedroom units, one two-bedroom unit, and a four-bedroom house complete with a private backyard—all situated on a single parcel. All units have undergone upgrades, featuring new stainless-steel appliances and updated landscaping. Furthermore, the property benefits from reduced insurance rates due to recently installed hurricane impact doors and windows, and all units are equipped with modern mini-split AC systems. The generous zoning allows for potential commercial uses, adding significant future development possibilities. This turnkey investment offers immediate cash flow potential, making it an attractive addition to any portfolio. The property is situated in Broward County, Florida, with a zip code of 33311.

    Property Features for 2140-2160 29 St

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,701 SF

    Building Details

    Year Built
    1961

    HighLights

    • $1,390,000 asking price.
    • Seven‑unit multifamily property in Oakland Park, FL.
    • 5,701 square feet.
    • Built in 1961.
    • Located near I‑95 and Oakland Park Shopping Center.
    • Unit mix includes junior 1‑bedroom, four 1‑bedroom, one 2‑bedroom, and one 4‑bedroom house.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland Park
    County
    Broward
    State
    Florida
    Longitude
    -80.1716723
    Latitude
    26.16221

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    FAQs

    What type of property is this?
    Multifamily property - Seven-unit property, strong cash flow.
    Where is this multifamily property located?
    The property is located at 2140-2160 29 St Oakland Park, FL.
    What is the asking price?
    The asking price for this property is $1,390,000.
    What are key features of this property?
    This property features: $1,390,000 asking price.; Seven-unit multifamily property in Oakland Park, FL.; 5,701 square feet.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2140-2160 29 St Oakland Park, FL 33311
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