Overview

Highlights

• SELLER MOTIVATED!
• 5 Unit Multifamily Investment Property with Value-Add Potential
• Over 1/3 of an Acre Lot with a Large Surface Parking Lot
• Zoning R-1 Residential with 5 du/ac density
• Surrounding Apartment Complexes Rents are in the $2.65/SF range
• Neighborhood Improvements with Several New Developments Nearby and Rising Market Rents
• Walk to Oswald Park and Golf Course
• Just Blocks from W Oakland Park Blvd Major Retailers and Restaurants including Publix, Home Depot, Walgreens
• Excellent Commuting Accessibility Just 1 Mile to I-95, and 3.6 miles to Florida's Turnpike

Description

SELLER MOTIVATED! Lee & Associates South Florida presents a 5-unit Multifamily located in a rapidly evolving neighborhood in Oakland Park, FL, just 1 mile to I-95 and 4 miles to Tri-Rail commuter lines with incredible visibility and exposure. This is an opportunity for qualified investors to acquire a 5-unit building unit mix consisting of various floor plans and a total aggregate building area of 5,415 SF, situated on 0.39 acres. The property also benefits from being within walking distance to Oswald Park and Golf Course for tenant recreation and activities, and just a few blocks from major retail corridor W Oakland Park Blvd home to many major retailers, pharmacies, and restaurants including Home Depot, Lowes, Publix, Walgreens, Dollar General, and more.

The immediate area is currently seeing many new development projects and gentrification with market rents increasing steadily, seeing $2.65/SF and higher rents with recent population growth supporting a rising demand. Centrally located in the Fort Lauderdale and Broward area, the property provides easy commuting access to all of Florida's major market areas and highway systems.

Location

Located in Oakland Park, FL. The site benefits from excellent accessibility just 1 mile to I-95 access ramps at Oakland Park Blvd, 3.5 miles to US-1, and 3.6 miles to Florida's Turnpike allowing easy access to the area's industrial neighborhood from all of Broward County. Fort Lauderdale-Hollywood International Airport is located approximately 10.4 miles from the site, and Miami International airport is 36 miles away.

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