7 Units in the heart of Victoria Park
$2,100,000
809 SE 17th Terrace Oakland Park, FL 33304
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About this listing
SEE OFFERING MEMORANDUM FOR MORE DETAIL
Rarely do you find an investment where the land value is nearly identical to the income value. While this property can provide a nice return, redevelopment may be the highest and best use in the long run. This provides steady cash flow while you plan your project. The streets surrounding these two adjacent properties are filled with luxury townhomes. Recently, the building across the street was demolished to make way for a luxury project.
There are currently two separate buildings that make up the 7 units for a total of 4,745 SF of structure. The two lots of land total 14,250 SF. They are ideally situated in the highly desirable Fort Lauderdale MSA. The RMM-25 zoning is one of the most sought after in Broward County. With meticulous maintenance and a proven track record, this property presents a turnkey opportunity for investors seeking a stable and high-performing asset in the thriving South Florida multifamily market.
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NOI
$87,680
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Building Size
4,745 sqft
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Lot Area
14,250 sqft
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Units
7
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Year Built
1966
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Zoning
RMM-25
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Floors
1
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Parking Spots
11
DESCRIPTION
- • Annual Tax: $ 34050.0
- • Average Occupancy Rate: 100.0
- • Gross Income: $ 148217.0
- • Water: Municipal Water
- • Age: Over 50 Years Old
- • Sewer: Public
- • Lot Size: Under 1/2 Acre
