161 NW 40th St, Oakland Park, FL 33309

$895,000
2,815
SqFt
List Price
$895,000
MLS#
F10336499
Status
ACTIVE
Type
Multifamily
Building Name
Prospect Gardens 22-26 B
City
Oakland Park
Year Built
1959
Lot Dimensions
14,568 SF

Property Description

Great investment opportunity in Oakland Park. 5Plex consisting of four 1BD/1BA and one 2BD/1BA. All tenants are on annual leases with rental income of $7300/month. Units have been updated with stainless steel appliances, laminate wood flooring, and granite countertops. Separate electric meters. Coin operated laundry onsite. The roof was recently resurfaced in 2021. Property is situated on a large lot of 14,658 SF, over a quarter of an acre. There is value add potential as units can be further remodeled to increase rents. Cash flowing property with leases in place at competitive rates for the next investor to grab the torch.

Additional Information

Subdivision
Prospect Gardens 22-26 B
Living Area
2,815
Taxes
$11,482
Heating
No Heat
Flooring
Laminate
Parking Spaces
7
Water
Municipal Water
Sewer
Municipal Sewer

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Metropolitan Property Grp Fl LLC.