Property summary
This exceptional investment opportunity presents a six-unit multifamily property in Oakland Park, Florida, encompassing a two-story main building and a single-story rear cottage, totaling 3,778 square feet on a 7,800 square foot lot. Built in 1957, both structures boast recently installed roofs with transferable warranties. The property currently features five occupied apartments, with long-term tenants on month-to-month leases, presenting immediate upside potential for increased rental income. One studio apartment includes an oversized attached room, currently vacant, offering the possibility of conversion into a larger, more lucrative one-bedroom unit. The property's generous lot size provides ample outdoor patio space. Parking accommodates multiple vehicles, exceeding the standard seven spaces. Its prime location, steps from Andrews Avenue, offers easy access to Wilton Manors, downtown Fort Lauderdale, I-95, and the beach. Public transportation and shopping are conveniently within walking distance. The property is zoned RM16. The asking price is $995,000, representing a price per unit of $165,833.33. Please drive by only
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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