2632 18Th Ter, Oakland Park, FL 33311
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.