Waterfront Six-Unit Apartment
For Sale
$3,600,000
3450 Northwest 17th Terrace, Oakland Park, FL 33309
Modern residences offer individual utility metering, upgraded kitchens, and bright interiors with elevated ceiling details.
Property Size12,138 SF
Price / SF$296.59
Days on Market887
Property Features for 3450 Northwest 17th Terrace
General Information
Standard status
Active
Size
12,138 SF
Property subtype
Commercial/Industrial / Fourplex
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$8,876
Building Details
Year Built
2007
Listing Agency:
The Agency Florid LLC
Listed By:
Daniel Tzinker · License #3185618
(786) 239-8013
Source:
Compass
Added: May 21, 2024
Changed: Oct 11
Last Checked: Oct 23 at 9:31AM
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 The Agency Florid LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment building comprises six waterfront villas completed in 2007. Each residence includes a contemporary kitchen with European-style cabinetry, granite counters, and stainless steel appliances, along with bedrooms, upgraded bathrooms, and individual water and electric meters. Nine-foot ceilings and a 20-foot skylight add volume and natural light to the interiors.
The property is located at 3450 Northwest 17th Terrace in Oakland Park, Florida, with the units identified as 3450, 3454, 3458, 3462, 3466, and 3470 NW 17th Terrace. Parks, boutiques, and dining destinations are described as nearby, adding established neighborhood amenities to the waterfront setting.
The property is located at 3450 Northwest 17th Terrace in Oakland Park, Florida, with the units identified as 3450, 3454, 3458, 3462, 3466, and 3470 NW 17th Terrace. Parks, boutiques, and dining destinations are described as nearby, adding established neighborhood amenities to the waterfront setting.
Key Highlights
- Six waterfront villas in one apartment property
- Built in 2007
- Individual water and electric meters for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$186,674
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,733,480
$3.7M
Cap Rate 7%
$2,666,771
$2.7M
Cap Rate 9%
$2,074,156
$2.1M
Market Conditions
NOI Build-Up for 12,138 SF
Gross rent
$355.4K $29.28/SF
− Vacancy
−$16.0K −$1.32/SF
EGI
$339.4K $27.96/SF
− OpEx
−$152.7K −$12.58/SF
NOI
$186.7K $15.38/SF
Area
Broward County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,733,480
Cap Rate 7%
$2,666,771
Cap Rate 9%
$2,074,156
Alternative Uses
Best Use
Apartment 5plus
$2.67M
$2.33M – $3.11M
NOI $186,674 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.16M
$5.39M – $7.18M
NOI $431,068 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,533
Businesses Nearby
Explore this area
Business Placement
Demographics for 33309, FL
37,642
Population
14,783
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
85%
High-School Grad
9.7 sq mi
ZIP Area
3,881
Density / Sq Mi
$73,496
Median Household Income
$35,850
Median Earnings
$1,829
Median Rent
$309,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Modern residences offer individual utility metering, upgraded kitchens, and bright interiors with elevated ceiling details.
Where is this apartment building located?
The property is located at 3450 Northwest 17th Terrace Oakland Park, FL.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Six waterfront villas in one apartment property; Built in 2007; Individual water and electric meters for each residence
