Prospect Gardens Multifamily Homes Sold

Investors dream!!! Stunning 4 unit multifamily property in oakland park. All of the units are 1 bedroom / 1 bathroom and 100% tenant occupied. Perfect investment or development opportunity. 5 parking spots, individual laundry for each unit, separate meters for each unit, and much more. Located near the vibrant oakland park entertainment district, funky buddha brewery, nearby grocers, and easy access to the beach and i-95. This will not last long!!!

Located in the heart of oakland park, this exceptional multifamily property presents a great investment opportunity featuring 7 renovated units, 2 units are: 2/1, 4 units are: 1/1 and 1 studio . Boasting modern elegance and functionality, each unit has been tastefully updated with new floors, kitchen enhancements including granite countertops and stainless steel appliances, impact windows, a new roof installed in 2024, updated electrical systems, ensuring worry-free ownership. Situated mere minutes from the vibrant attractions of oakland park, including downtown, coral ridge mall, wilton drive, and the beach, its prime location enhances its appeal and investment potential. With its great value and impressive cap rate.

**great deal for investors ** all units have tile flooring throughout and updated kitchens. The property features impact windows and doors installed in 2019, a roof replaced in 2017, and air conditioning units that are only five years old. The electric panels have also been updated. Tenants are on a month-to-month basis and are currently paying below market rates. There are six parking spots out front with room for up to twelve vehicles parked tandem. Please do not disturb the tenants.

Significant price improvement. Price per unit is tough to beat in the heart of oakland park you will find this effeciently designed building with a big shed inside a new fence and gate. Roof is sound and redone in 2017. Plenty of parking on two sides of the building. Bcpa says it is 7 units. It is 5 one bedrooms units and 1 efficiency house long term tenants. 5 are month to month and 1 lease expires in the aug 31, 2024 and will not be renewed. Rents are below market with plent of room to raise rent. $142000 per unit. Large storage shed conveys with sale. Units 5 (one br) and 6 (efficiency) were at one time a 2 br 2 bath unit and could be put back as a two bedroom with little work.

Beautiful complex, build in 2004, all 6 units are 2/1 one unit is completely renovated all new flooring, kitchen, granite countertops, stainless steel appliances. Great tenants, worry free ownership on an income producing property on a prime location in the heart of oakland park, minutes from funky buddha, coral ridge mall, wilton drive, the beach. Great value, great cap rate! Property next door listed for sale 281 nw 40th st