Embarcadero Condo with
5308 NE 6th Avenue G14 Oakland Park, FL 33334
For Sale
$169,900
Pending
Spacious 2-bedroom condo with balcony in gated community.
Property Size870 SF
Days on Market962
Property Features for 5308 NE 6th Avenue G14
General Information
Standard status
Pending
Size
870 SF
Property subtype
Condo/Townhome
Building Details
Year Built
1981
Listing Agency:
Douglas Elliman
(561) 703-0065
Listed By:
Frank E Tipton · License #654329
(561) 703-0065
Source:
Exitrealty
Added: Dec 8, 2023
Changed: Jul 10
Last Checked: Jul 27 at 5:42AM
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 Douglas Elliman
Investment Insights
Based on property information with market context.
This 870 square foot unit features 2 bedrooms and 1 bath, complete with a balcony. Located on the second floor of a building in Embarcadero, the property has recently undergone exterior improvements, including a new roof and exterior painting. The unit is equipped with a 2023 A/C unit and tile floors throughout. The kitchen offers abundant counter space and overlooks the family room. The bedrooms are generously sized, and the bathroom has been updated. The gated community provides 24-hour security, two swimming pools, a fitness center, and ample guest parking. A gate provides direct access to Northridge Shopping Center, and Northeast High School is within walking distance. The property offers convenient access to I-95, beaches, shopping, and restaurants. Please note that the association has specific requirements for potential buyers, including a minimum household income of $45,000, a minimum credit score of 680, a minimum down payment of 10%, and restrictions on foreclosures and bankruptcies. No leasing is allowed for 24 months. There is a special assessment in place of $209.24 a month for 180 months.
Key Highlights
- Gated community with 24‑hour security, 2 swimming pools, and fitness center.
- Recently replaced roof and exterior painting, plus 2023 A/C unit.
- Convenient location with gate access to Northridge Shopping Center and walking distance to Northeast High School.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.5k | $29.28 |
| − Vacancy | −$1.1k | −$1.32 |
| EGI | $24.3k | $27.96 |
| − OpEx | −$10.9k | −$12.58 |
| NOI | $13.4k | $15.38 |
870 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$191.1K
$167.3K – $223.0K
NOI $13,380 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$441.4K
$386.2K – $515.0K
NOI $30,897 @ 7.0% cap · market cap 18.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Spacious 2-bedroom condo with balcony in gated community.
Where is this residential income property located?
The property is located at 5308 NE 6th Avenue G14 Oakland Park, FL.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Gated community with 24‑hour security, 2 swimming pools, and fitness center.; Recently replaced roof and exterior painting, plus 2023 A/C unit.; Convenient location with gate access to Northridge Shopping Center and walking distance to Northeast High School.
