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27801478
27801479

265-279 NW 32nd Street, Oakland Park, FL 33309

CL
BK3238799
CPRE Organization Inc
Listed by CPRE Organization Inc
$1,299,000
225 days on market
Updated 126 days ago

7 Unit Apt. Complex

Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 3,400
Units 7
Cap Rate 7.13%
NOI $92,586
Occupancy 100%
Class B
Year Built 1976
Year Renovated 2020
Buildings 1
Stories 1
Lot Size (SqFt) 13,796
Zoning MF
Investment Type Stabilized

Multifamily | 7 Units | $185,571/unit

Marketing description

This 7-unit apartment Complex boasts freshly updated units. With a fantastic tenant base, all units are on annual leases. The unit mix includes four one-bedroom units and three studio apartments. The roof was installed in 2020-2021, and all one-bedroom units have central air, while studio apartments have wall units. The sale includes the land across the street of the property. There are two on-site laundry rooms, and the complex is conveniently located near everything Oakland Park has to offer. Potential buyers must provide proof of ability to close before showing.

Investment highlights

1 Bed 1 Bath, 550 sqft @ $1,530

1 Bed 1 Bath, 550 sqft @ $1,550

Studio, 400 sqft @ $1,375

Studio 400 sqft @ $1,365

Studio 400 sqft @ $1,315

1 Bed 1 Bath, 550 sqft @ $1,550

Studio, 550 sqft @ $1,600

Listing Contacts

CL
BK3238799
CPRE Organization Inc
Listed by CPRE Organization Inc

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$92,586.00
$7,715.50/mo

Valuation Metrics

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DSCR
7.13%
Cap Rate
7.13%
ROI

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