Turnkey Remodeled Multifamily
4008 NW 5th Ave Oakland Park, FL 33309
4008 NW 5th Ave, Oakland Park, FL, 33309
$1,300,000
For Sale
$1,300,000
Six fully remodeled units include four one-bedrooms and two studios, presented as a turnkey income property.
Property Size3,292 SF
Price / SF$394.90
Days on Market44
Property Features for 4008 NW 5th Ave
General Information
- Standard status
- Active
- Size
- 3,292 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1965
Listing agency
London Foster Realty
(954) 263-5234
Listed by
Joseph Iaciofano · License #3286424
(954) 263-5234
Source
Xome
Added: Jun 9 Updated: Jul 21 at 1:13AM Checked: Jul 22 at 3:35AM
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 London Foster Realty
Investment Insights
Based on property information with market context.
This for-sale multifamily property features six fully remodeled units, including four one-bedroom apartments and two studio residences. The renovations are described as top-to-bottom, with contemporary finishes, upgraded kitchens, stylish baths, and modern interiors throughout, positioning the asset as turnkey for immediate occupancy.
The property is located at 4008 NW 5th Ave in Oakland Park, Florida. The offering is presented as an investment with the potential for flexible income use based on the unit mix and the remodeled condition.
With four one-bedroom apartments and two studios, the layout supports a straightforward rental configuration across the six units.
The property is located at 4008 NW 5th Ave in Oakland Park, Florida. The offering is presented as an investment with the potential for flexible income use based on the unit mix and the remodeled condition.
With four one-bedroom apartments and two studios, the layout supports a straightforward rental configuration across the six units.
Key Highlights
- Six fully remodeled units: four 1‑bedroom apartments and two studio residences
- Renovations include upgraded kitchens, stylish baths, and modern interior finishes throughout
- Year built: 1965
Local 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 | $96.4k | $29.28 |
| − Vacancy | −$4.3k | −$1.32 |
| EGI | $92.1k | $27.96 |
| − OpEx | −$41.4k | −$12.58 |
| NOI | $50.6k | $15.38 |
3,292 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$723.3K
$632.9K – $843.8K
NOI $50,629 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,912 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
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FAQs
What type of property is this?
Apartment building - Six fully remodeled units include four one-bedrooms and two studios, presented as a turnkey income property.
Where is this apartment building located?
The property is located at 4008 NW 5th Ave Oakland Park, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Six fully remodeled units: four 1‑bedroom apartments and two studio residences; Renovations include upgraded kitchens, stylish baths, and modern interior finishes throughout; Year built: 1965
