Property profile

2645 21St Ave Oakland Park, FL 33311

OFF-MARKET
Apartment buildings
6,037 SF Built 1951
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Property summary

AI-generated overview

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

Verified
Property type Apartment buildings
Year built 1951
Total area 6,037 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2645 21St Ave Oakland Park, FL 33311
Oakland Park metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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