Multifamily in Oakland Park, FL 33309

Prospect Gardens, 271 NW 41st St #1-4

Property is a typical Oakland Park 4-plex built in 1960. The property is solid concrete block and stucco construction. The roof was recently replaced in 2017 and is in very good condition. The owner just upgraded the entire electrical service with a new weather head, service entrance, distribution panel, and meter cans. Two of the units have been extensively renovated and two are in need of upgrades. Two units have been occupied by the same family for 20 years. One of the tenants serves as an onsite maintenance man and mows the lawn as part of his monthly rental payment. Rents range from $775/mos to $900/mos. and could be increased across the board. This is an ideal "starter" property for a first time investor, easy to understand, maintain, manage and finance. Property is a typical Oakland Park 4-plex built in 1960. The property is solid concrete block and stucco construction. The roof was recently replaced in 2017 and is in very good condition. The owner just upgraded the entire electrical service with a new weather head, service entrance, distribution panel, and meter cans. Two of the units have been extensively renovated and two are in need of upgrades. Two units have been occupied by the same family for 20 years. One of the tenants serves as an onsite maintenance man and mows the lawn as part of his monthly rental payment. Rents range from $775/mos to $900/mos. and could be increased across the board. This is an ideal "starter" property for a first time investor, easy to understand, maintain, manage and finance.