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245-279 NW 32nd Street

Oakland Park, FL 33309
  • $2,250,000
  • STATUS: Active
  • ON SITE: 136 Days
  • ID#: RX-10990586
$2,250,000
  • 0
    BEDS
  • 0.63
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,419
    SQFT
  • $351
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1976
County:
Area:

School Ratings & Info

Description

IMPORTANT INFO: THIS IS A 3 PARCEL SALE TOTALING 12 UNITS. All units had NEW ROOFS installed in 2021!! All but 3 units have been updated in 2022-2023. Great rental history. Seller is offering an investor an excellent stabilized multifamily property in the highly desirable Oakland Park area of Fort Lauderdale. The building is currently 100% occupied with an opportunity for an investor to raise the below market rents to increase income. In addition, the property offers the opportunity to convert units to increase the cash flow or transition the property into an AirBNB and thus increasing income even greater. Close to 95, Restaurants, Grocery Stores, Shops and the Beach. 4 (Studios) 7 (One Bedrooms) 1 (Two Bedroom)

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www.keriannworley.com/homes/150942216
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245-279 NW 32nd Street Oakland Park, FL 33309

  • Price: $2,250,000
  • Status: Active
  • On Site: 136 Days
  • ID#: RX-10990586
0
Beds
0
Baths
0
½ Baths
0.63
Acres
6,419
SQFT
$351
$/SQFT
1976
Built
Neighborhood:
Boulevard Villas
County:
Broward
Area:
Oakland Park
Property Description
IMPORTANT INFO: THIS IS A 3 PARCEL SALE TOTALING 12 UNITS. All units had NEW ROOFS installed in 2021!! All but 3 units have been updated in 2022-2023. Great rental history. Seller is offering an investor an excellent stabilized multifamily property in the highly desirable Oakland Park area of Fort Lauderdale. The building is currently 100% occupied with an opportunity for an investor to raise the below market rents to increase income. In addition, the property offers the opportunity to convert units to increase the cash flow or transition the property into an AirBNB and thus increasing income even greater. Close to 95, Restaurants, Grocery Stores, Shops and the Beach. 4 (Studios) 7 (One Bedrooms) 1 (Two Bedroom)
Exterior Features

Carport Spaces 24.00 Construction CBS Exterior Features None Lot Description < 1/4 Acre Private Pool YN No Roof Comp Shingle Storm Protection Impact Glass Partial Unit1 Parking Space Parking Unit2 Parking Space Parking Unit3 Parking Space Parking Unit4 Parking Space Parking View Garden Waterfront Description None Waterfront YN No

Interior Features

Cooling Central Flooring Vinyl Floor Heating No Heat Unit1 Bedrooms 1 Unit1 Desc A/C UnitElectric MeterKitchenRange - ElectricRefrigerator Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 550 Unit2 Bedrooms 1 Unit2 Desc A/C UnitElectric MeterKitchenRange - ElectricRefrigerator Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 550 Unit3 Bedrooms 1 Unit3 Desc A/C UnitElectric MeterKitchenRange - ElectricRefrigerator Unit3 Full Baths 1 Unit3 Sq Ft 550 Unit4 Bedrooms 1 Unit4 Desc A/C UnitElectric MeterKitchenRange - ElectricRefrigerator Unit4 Full Baths 1 Unit4 Furnished No Unit4 Sq Ft 550

Property Features

Annual Net Operating Income 160596.00 Annual Total Expenses 63048.00 Auction No Available Info Investment Analysis Built Desc Resale Development Name COJO Villas Gated Community No Gross Operating Income 223644.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association of the Palm Beaches (RAPB) Maintenance Fee Includes None Multifamily Type Quad Plex Possession At Closing REO No Restrictions No Pets Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses OtherOwner Special Assessment No Special Info Sold As-Is Sq Ft Total 7000.00 Subdivision Amenities None Tax Amount 29500.00 Tax Year 2023 Taxes County Only Tenant Pays CableElectric Terms Considered CashConventional Unit1 Monthly Income 1550.00 Unit2 Monthly Income 1550.00 Unit3 Monthly Income 1550.00 Unit4 Monthly Income 1550.00 Utilities Public SewerPublic Water Zoning MF

Listing provided courtesy of Cpre Organization Inc: . Listing information © 2024 BeachesMLS
 
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Keriann Worley, Broker Associate at Douglas Elliman Real Estate
444 East Palmetto Park Rd
Boca Raton FL, 33432