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    2645 21St Ave Oakland Park, FL 33311

    Sponsored
    For Sale
    $1,800,000

    Nine-unit apartment building with extra lot.

    Property size:
    6,037 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional nine-unit multifamily property, located at 2645 NW 21st Ave in Oakland Park, Florida, presents a compelling investment opportunity. The 6,037 square foot building, constructed in 1951, is a single-story structure offering a mix of unit types. The property comprises five one-bedroom units and four studio apartments, all currently occupied by long-term tenants. A significant advantage is the inclusion of an additional vacant lot, providing potential for future expansion or development. The property boasts a freshly painted parking lot with ample parking spaces for residents. Situated in Broward County, Florida, with a zip code of 33311, this property benefits from a highly desirable location. The asking price for this turnkey investment is $1,800,000. Given the strong tenant occupancy and the potential for future development, this property represents a rare opportunity in the competitive Oakland Park market. The property's solid history and current income stream make it an attractive proposition for seasoned investors seeking a stable and potentially high-growth investment.

    Property Features for 2645 21St Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,037 SF

    Building Details

    Year Built
    1951
    Stories
    1

    HighLights

    • $1,800,000 asking price.
    • Nine‑unit multifamily apartment building in Oakland Park, FL.
    • 6,037 square feet.
    • Built in 1951, one‑story building.
    • Includes an additional lot allowing for potential expansion.
    • Five one‑bedroom units and four studio units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland Park
    County
    Broward
    State
    Florida
    Longitude
    -80.1711477
    Latitude
    26.1600064

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    FAQs

    What type of property is this?
    Multifamily property - Nine-unit apartment building with extra lot.
    Where is this multifamily property located?
    The property is located at 2645 21St Ave Oakland Park, FL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: $1,800,000 asking price.; Nine-unit multifamily apartment building in Oakland Park, FL.; 6,037 square feet.
    Request Owner's contact information
    2645 21St Ave Oakland Park, FL 33311
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2645 21St Ave Oakland Park, FL 33311
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