Duplex with Individual Yard
260 NE 41st Street, Oakland Park, FL 33334
For Sale
$590,000
Each residence has two bedrooms, one bathroom, and a utility room with laundry.
Property Size1,726 SF
Price / SF$341.83
Days on Market82
Property Features for 260 NE 41st Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Courtyard
Outdoor Living Area
Room For Pool
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Lifestyle International Realty
(305) 809-8085
Listed By:
Victoria Wiggins · License FL #3465139
(305) 205-6237
Source:
Irgofflorida
Added: Aug 26
Changed: Nov 12
Last Checked: Nov 13 at 10:49PM
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 Lifestyle International Realty
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Investment Insights
Based on property information with market context.
This 1,726-square-foot duplex, built in 1967, contains two residences. Each has 2 bedrooms, 1 bathroom, a utility and laundry room, and living space. Yard space is provided for each unit, and the property is zoned RM-16.
The property is described as near major highways, shopping, dining, and schools, with everyday services also nearby.
The property is described as near major highways, shopping, dining, and schools, with everyday services also nearby.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,726 square feet; built in 1967
- Each unit includes a utility and laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,374
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,480
$527.5K
Cap Rate 7%
$376,771
$376.8K
Cap Rate 9%
$293,044
$293.0K
Market Conditions
NOI Build-Up for 1,726 SF
Gross rent
$50.7K $29.40/SF
− Vacancy
−$2.8K −$1.62/SF
EGI
$48.0K $27.78/SF
− OpEx
−$21.6K −$12.50/SF
NOI
$26.4K $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%
$527,480
Cap Rate 7%
$376,771
Cap Rate 9%
$293,044
Alternative Uses
Best Use
Apartment 5plus
$376.8K
$329.7K – $439.6K
NOI $26,374 @ 7.0% cap · market cap 4.47%
Second Best
Multifamily LT 5
$289.5K
$253.3K – $337.7K
NOI $20,264 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$875.7K
$766.2K – $1.02M
NOI $61,297 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
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
$430,500
Median Home Value
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Market
Average Price Trend$/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 - Each residence has two bedrooms, one bathroom, and a utility room with laundry.
Where is this duplex located?
The property is located at 260 NE 41st Street Oakland Park, FL.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,726 square feet; built in 1967; Each unit includes a utility and laundry room
