146-148 NW 40th Ct - Apartments FOR SALE


Fort Lauderdale, FL 33309
$4,900,000 USD
954-245-3459
146-148 NW 40th Ct, Fort Lauderdale, FL for Sale
$4,900,000 USD
Apartments - FOR SALE
1/11
null | 5.7% Cap Rate

146-148 NW 40th Ct
Fort Lauderdale, FL 33309


HIGHLIGHTS

  • All two-bedroom / one-bathroom apartments
  • Onsite property-owned laundry facilities
  • Large open courtyards
  • Central and wall unit air-conditioning, Ceramic tile flooring throughout
  • Most roofs replaced in past six years, All interior and exterior electric panels replaced
  • Lots of parking for residents and guests

OVERVIEW

Prospect Gardens is a 24-unit apartment portfolio located in the city of Oakland Park, Florida. The community is comprised of four one-story fourplexes and a two-story, eight-unit building, all located within a two-block radius. The buildings enjoy a premier location in Oakland Park, one of Broward County’s most rapidly improving and highly connected urban communities. The surrounding area blends strong demographics, a growing employment base, and exceptional convenience to retail, healthcare, and transportation positioning the property as an ideal opportunity for long term value and future development in a market experiencing sustained upward momentum. The property is surrounded by vital lifestyle amenities and major medical providers, including Florida Medical Center, a 459 bed acute care hospital recognized for award winning cardiac and stroke care, located just minutes away. Additional comprehensive healthcare is provided at Holy Cross Healthplex Medical Plaza on North Dixie Highway, along with access to top regional institutions such as Holy Cross Hospital and Broward Health Imperial Point, all within a short driving radius, offering residents excellent medical convenience and choice. Families benefit from proximity to established public schools—Lloyd Estates Elementary, James S. Rickards Middle School, and Northeast High School—all serving the immediate neighborhood and contributing to its strong residential appeal. Daily needs are easily met with nearby supermarkets and pharmacies, including a full service CVS Pharmacy on West Oakland Park Boulevard, which offers extended hours, drive thru service, and convenient access for residents, supplemented by a wide selection of local and national grocery operators throughout the city.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

24

PRICE/UNIT

$204,167

CAP RATE

5.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prospect Gardens - 5 Building Portfolio

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

RM-16

APN/PARCEL ID

49-42-22-08-2450

ASK ABOUT THIS PROPERTY

Evan KristolMarcus & MillichapMore Info
954-245-3459

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Evan KristolMarcus & MillichapMore Info
954-245-3459

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