$1,300,000

For sale

355 NW 32nd St, Oakland Park FL 33309

3,287 sq ftBuilt 1965MLS# A11978734

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About this property

Excellent opportunity to acquire a 6-unit multifamily property in Oakland Park, ideally located east of U.S. Route 1. The property features a desirable unit mix consisting of four 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, and one studio, appealing to a broad tenant base. The property currently generates nearly $10,000 per month in rental income with a Net Operating Income (NOI) of $93,405. All tenants are on month-to-month leases, offering immediate upside through potential rent increases to market rates. Strategically located just minutes from Fort Lauderdale Beach, I-95, and Fort Lauderdale–Hollywood International Airport, the property benefits from strong rental demand in a highly desirable east-of-US-1 location. This is an excellent opportunity for investors seeking stable cash flow with significant value-add potential.

Features

  • Waterfront
  • Water view

Property details

Property type
Multi-family
Year built
1965
Living area
3,287 sq ft
Price per sq ft
$395
Property taxes
$19,100/yr
Parking
8 spaces
Building / community
Boulevard Villas
Status
For sale
MLS #
A11978734

Listing courtesy of Fausto Commercial Realty Consultants Inc.

Location

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