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    OFF-MARKET
    Small apartment buildings

    2632 18Th Ter, Oakland Park, FL 33311

    4,011 SF Built 1966
    Individually Owned 1-yr Hold
    Property ID
    US18-0475385
    Property summary
    AI-generated overview

    This exceptional fourplex in Oakland Park, Florida, presents a compelling investment opportunity. The property, built in 1966, boasts a total of 4,011 square feet across a single story. It comprises four units: two 3-bedroom/1-bathroom units and two 3-bedroom/1-bathroom/1-half-bathroom units. Each unit features partially renovated kitchens equipped with refrigerators, electric ranges, and washer/dryer hookups. Flooring consists of tile or waterproof vinyl. Bathrooms include tubs, vanities, and toilets. The property has recently undergone fresh paint throughout. Utilities are individually metered for electricity, with a single water account for the entire property. Ample parking is available with eight spaces for tenants (two per unit) and one guest space. The property is currently fully leased with long-term tenants, ensuring immediate cash flow. A recent 50-year certification has been successfully completed. This "set-and-forget" investment offers a stable and reliable income stream with significant long-term growth potential in a prime location with high rental demand. The asking price is $980,000. This represents a strong investment with immediate return and future upside.

    Property profile
    Verified
    Property type Small apartment buildings
    Year built 1966
    Total area 4,011 SF
    UPID US18-0475385
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Alex Jimenez · 1 yrs held
    Alex Jimenez
    since 2025
    3 recorded transactions
    2025
    $900,000
    2019
    $575,000
    2018
    $308,900
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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