Turnkey Duplex with Screened
1680 NE 34TH Lane, Oakland Park, FL 33334
For Sale
$899,000
Fully rented duplex with two 2BR/2BA units, private outdoor space, and a screened pool.
Property Size1,984 SF
Days on Market145
Property Features for 1680 NE 34TH Lane
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Business Included
Fenced Yard
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Premier Listings
Listed By:
Maria M Acosta · License #3129122
(561) 445-9592
Source:
Relinkre
Added: Jun 16
Changed: Nov 3
Last Checked: Nov 6 at 4:14PM
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 Premier Listings
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Investment Insights
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This turnkey duplex is offered as a fully rented, income-producing property with a screened pool and separate outdoor areas for each unit. The layout includes two 2-bedroom, 2-bath units, and each unit has its own washer and dryer. Interior updates include refreshed finishes, updated kitchens and baths, and new flooring. Unit A features an updated interior with new flooring, fresh paint, and a private gated backyard. Unit B includes new central A/C plus a refreshed appliance package and finishes, along with a new gate and an extra-large private backyard. The property is constructed with CBS (concrete block stucco) and includes impact windows, a newer roof, extra storage, and a spacious driveway with ample parking. Outside, the screened pool has marble decking and a cabana bathroom.
Located in the Downtown Oakland Park Culinary & Arts District, the property is described as walkable to Funky Buddha and local nightlife, with minutes to the beach. The listing also notes no HOA.
For tenants or owners seeking a manageable setup, the units are positioned for everyday comfort with in-unit laundry and updated living spaces. The listing states tenants cover all utilities, including landscaping and pool service, which can reduce day-to-day operating items for an owner.
Located in the Downtown Oakland Park Culinary & Arts District, the property is described as walkable to Funky Buddha and local nightlife, with minutes to the beach. The listing also notes no HOA.
For tenants or owners seeking a manageable setup, the units are positioned for everyday comfort with in-unit laundry and updated living spaces. The listing states tenants cover all utilities, including landscaping and pool service, which can reduce day-to-day operating items for an owner.
Key Highlights
- Fully rented duplex (built 1966) with two 2BR/2BA units, each with its own washer/dryer
- Impact windows, newer roof, and CBS construction
- Screened pool with marble decking plus cabana bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,073
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,460
$661.5K
Cap Rate 7%
$472,471
$472.5K
Cap Rate 9%
$367,478
$367.5K
Market Conditions
NOI Build-Up for 1,984 SF
Gross rent
$50.0K $25.20/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$47.2K $23.81/SF
− OpEx
−$14.2K −$7.14/SF
NOI
$33.1K $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%
$661,460
Cap Rate 7%
$472,471
Cap Rate 9%
$367,478
Alternative Uses
Best Use
Multifamily LT 5
$472.5K
$413.4K – $551.2K
NOI $33,073 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$435.9K
$381.4K – $508.6K
NOI $30,513 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$1.01M
$880.8K – $1.17M
NOI $70,460 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,440
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
$430,500
Median Home Value
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Market
Average Price Trend$/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 - Fully rented duplex with two 2BR/2BA units, private outdoor space, and a screened pool.
Where is this duplex located?
The property is located at 1680 NE 34TH Lane Oakland Park, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Fully rented duplex (built 1966) with two 2BR/2BA units, each with its own washer/dryer; Impact windows, newer roof, and CBS construction; Screened pool with marble decking plus cabana bathroom
