355 NW 32nd St - Apartments FOR SALE


Oakland Park, FL 33309
$1,300,000 USD
954-743-7594
355 NW 32nd St, Oakland Park, FL for Sale
$1,300,000 USD
Apartments - FOR SALE
1/12
null | 7.18% Cap Rate

355 NW 32nd St
Oakland Park, FL 33309


HIGHLIGHTS

  • Strong Cash Flow – Nearly $10,000/month in rental income with $73,709 NOI.
  • 6-Unit Multifamily Asset – Unit mix of 4×1BD/1BA, 1×2BD/1BA, and 1 studio appealing to a broad tenant base.
  • Value-Add Opportunity – Month-to-month leases allow for immediate rent adjustments to market rates.
  • Prime East of US-1 Location – Situated in a high-demand Oakland Park rental corridor.
  • Excellent Accessibility – Minutes from Fort Lauderdale Beach, I-95, and Fort Lauderdale–Hollywood International Airport.
  • High Rental Demand Area – Strong tenant demand driven by proximity to employment, beaches, and major transportation routes.

OVERVIEW

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 $73,709.21. 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.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$274 USD /SF

# OF UNITS

6

PRICE/UNIT

$216,667

CAP RATE

7.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oakland Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,935 SF

ZONING

R-2

APN/PARCEL ID

49-42-22-23-0060

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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