Duplex Assemblage with Shared
560-564 NE 34th Street Oakland Park, FL 33334
560-564 NE 34th Street, Oakland Park, FL, 33334
Contact for pricing
For Sale
Contact for pricing
Four combined duplexes totaling eight 2-bedroom, 1-bath units with a shared community pool and off-street parking.
Property Size6,930 SF
Lot Size0.78 Acres
Price / SF$375.18
Days on Market138
Property Features for 560-564 NE 34th Street
General Information
- Standard status
- Active
- Size
- 6,930 SF
- Lot size
- 0.78 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing agency
Grand Real Estate Company
(786) 709-7000
Listed by
Ekaterina Gousseva · License #3255872
Source
Crexi
Added: Mar 6 Updated: Jul 20 at 5:37PM Checked: Jul 21 at 9:16AM
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 Grand Real Estate Company
Investment Insights
Based on property information with market context.
Offered for sale is an assemblage of four combined lots improved with four duplexes, totaling eight residential units. Each unit features a consistent 2-bedroom, 1-bathroom layout. The property is situated on over 34,000 sq. ft. of combined land and includes a shared community pool, along with ample off-street parking totaling 24 spaces (3:1 ratio).
The assemblage is located at 560-564 NE 34th Street in Oakland Park, FL 33334, with the public remarks noting close proximity to Wilton Manors and Downtown Fort Lauderdale. The offering is positioned by the seller as a fix-and-flip or buy-and-hold opportunity, with a projected post-renovation rental income of $20,000 per month.
The assemblage is located at 560-564 NE 34th Street in Oakland Park, FL 33334, with the public remarks noting close proximity to Wilton Manors and Downtown Fort Lauderdale. The offering is positioned by the seller as a fix-and-flip or buy-and-hold opportunity, with a projected post-renovation rental income of $20,000 per month.
Key Highlights
- Assemblage of 4 combined lots with 4 duplexes for a total of 8 units
- All units have a consistent 2‑bedroom, 1‑bath layout
- More than 34,000 sq. ft. of combined land with substantial outdoor space
Local Financial Insights For Multifamily LT 5
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 | $174.6k | $25.20 |
| − Vacancy | −$9.6k | −$1.39 |
| EGI | $165.0k | $23.81 |
| − OpEx | −$49.5k | −$7.14 |
| NOI | $115.5k | $16.67 |
6,930 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.93M
NOI $115,522 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$1.52M
$1.33M – $1.78M
NOI $106,579 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$3.52M
$3.08M – $4.10M
NOI $246,112 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Four combined duplexes totaling eight 2-bedroom, 1-bath units with a shared community pool and off-street parking.
Where is this duplex located?
The property is located at 560-564 NE 34th Street Oakland Park, FL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Assemblage of 4 combined lots with 4 duplexes for a total of 8 units; All units have a consistent 2‑bedroom, 1‑bath layout; More than 34,000 sq. ft. of combined land with substantial outdoor space
