Property summary
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 profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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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