355 NW 32nd St # 6, Oakland Park FL 33309
Oakland Park, FL 33309
$1,300,000
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- Price
- $1,300,000
- Building size
- 3,287
- Property type
- Income/MultiFamily
- Year built
- 1965
- Lot size (sq ft)
- 13,800
- MLS number
- A11978741
This listing is courtesy of Fausto Commercial Realty Consultants Inc, 786-748-7373.
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.
Details
- Property type
- Income/MultiFamily
- Year built
- 1965
- Lot size (sq ft)
- 13,800
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC