1273 NE 38th St - Apartments FOR SALE


Oakland Park, FL 33334
$1,880,000 USD
954-245-3492
1273 NE 38th St, Oakland Park, FL for Sale
$1,880,000 USD
Apartments - FOR SALE
1/26
null | 5.01% Cap Rate

1273 NE 38th St
Oakland Park, FL 33334


HIGHLIGHTS

  • Extensively Renovated 8-Unit Apartment Building Located next to Funky Buddha in Oakland Park
  • Beautifully Finished One-Bedroom Apartments w/Central Air Conditioning, In-Unit Washer/Dryer
  • Turn-Key Property with On-Site Parking, Manicured Landscaping and a Private Gated Courtyard
  • Excellent Location between Dixie & Federal Highways and Oakland Park & Commercial Boulevards
  • Near LA Fitness, 3x Publix Supermarkets, Fresh Market, Coral Ridge Mall, Central Business District
  • 10.7% Population Growth since 2010 and $108,824 Average Household Income within 3-Mile Radius

OVERVIEW

Zen Garden is located at 1273 Northeast 38th Street in Oakland Park, Florida. The property was constructed in 1969 and comprises (one) two-story concrete block building with a painted stucco exterior and flat roof. The property offers 4,337 square feet of gross building area with an estimated 4,200 square feet of gross leaseable area and sits on an 8,837-square-foot lot, according to the Broward County Property Appraiser. The unit mix includes (8) one-bedroom/one-bathroom units averaging 525 square feet. The property features on-site laundry facilities, central air conditioning, paved asphalt parking, and standard life-safety components including smoke detectors and fire extinguishers. The property is zoned RM-25. Zen Garden is located in Oakland Park with convenient access to Dixie Highway, US-1 (Federal Highway), and I-95, placing residents near major employment corridors and a dense concentration of retail, dining, parks, and entertainment. The surrounding 3-mile area reports an average household income of $108,824 and population growth of 10.74% since 2010. Residents are also a short drive from Lauderdale-by-the-Sea, beaches, Coral Ridge Mall, and Downtown Fort Lauderdale.

FOR SALE DETAILS

PRICE

$1,880,000 USD

PRICE/SF

$408 USD /SF

# OF UNITS

8

PRICE/UNIT

$235,000

CAP RATE

5.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Zen Garden

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,837 SF

ZONING

RM25, Oakland Park

APN/PARCEL ID

49-42-23-03-2320

ASK ABOUT THIS PROPERTY

Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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Joseph ThomasMarcus & MillichapMore Info
954-245-3492

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.