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2613 18Th Ter Oakland Park, FL 33311

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For Sale
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5-Unit Apartment Building, Value-Add Potential

Property size:
5,415 SF

Property Features for 2613 18Th Ter

General Information

Property type
Multifamily properties
Square Feet
5,415 SF
Class
C
Lot Size
16,988 SF

Building Details

Year Built
1967
Buildings
1
Stories
1
Units
5

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Listing Contact
Matthew Rotolante
Matthew Rotolante

Listing Agency: Lee & Associates | Miami Listing Agent: Matthew Rotolante

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional investment opportunity presents a 5-unit multifamily apartment building in Oakland Park, Florida. The property boasts a total of 5,415 square feet situated on a 0.39-acre lot, zoned R-1 Residential with a 5 du/ac density. Built in 1967, this one-story building offers a mix of unit floor plans, providing flexibility for potential upgrades and increased rental income. The property benefits from a prime location, just one mile from I-95 and four miles from Tri-Rail, ensuring convenient access to major transportation arteries. Its proximity to Oswald Park and Golf Course enhances tenant appeal, while its location near a major retail corridor featuring stores like Home Depot, Lowe's, Publix, and Walgreens provides residents with ample amenities. The surrounding area is experiencing significant growth and gentrification, leading to steadily increasing market rents, currently averaging $2.65 per square foot or higher. The property's excellent accessibility extends to US-1 and Florida's Turnpike, facilitating easy commuting throughout Broward County. Furthermore, its proximity to Fort Lauderdale-Hollywood International Airport (10.4 miles) and Miami International Airport (36 miles) adds to its strategic location. This property offers a compelling value-add opportunity for discerning investors seeking strong returns in a thriving market. The current cap rate is 7.92%. The property includes a large surface parking lot.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Oakland Park
County
Broward
State
Florida
Longitude
-80.1675652
Latitude
26.158881

FAQs

What type of property is this?
Multifamily property - 5-Unit Apartment Building, Value-Add Potential
Where is this multifamily property located?
The property is located at 2613 18Th Ter Oakland Park, FL.
What are key features of this property?
This property features: Highly motivated seller!; Five-unit multifamily investment opportunity with value-add potential.; Large 0.37+ acre lot with ample surface parking.
(305) 235-1500 Call to check price and availability
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