$1,300,000

$395/sq ft

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Overview

Year Built

1965

Sqft

3287

Property Type

Quadruplex

Property Description

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.

Property Details

MLS#

A11978734

Total Floor in Bldg

1

Building

BOULEVARD VILLAS

Address

355 32nd St NW

City

Oakland Park

State/county

FL

Zip/Postal Code

33309

Area

Boulevard Villas

Country

United States

HOA

No

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$19,100

Maint Fee

$--

Tax Year

2025

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Boris Gelfand