For Sale
$980,000

2632 18Th TerOakland Park, FL 33311

Oakland Park, FL Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional fourplex in Oakland Park, Florida, presents a compelling investment opportunity. The property, built in 1966, boasts a total of 4,011 square feet across a single story. It comprises four units: two 3-bedroom/1-bathroom units and two 3-bedroom/1-bathroom/1-half-bathroom units. Each unit features partially renovated kitchens equipped with refrigerators, electric ranges, and washer/dryer hookups. Flooring consists of tile or waterproof vinyl. Bathrooms include tubs, vanities, and toilets. The property has recently undergone fresh paint throughout. Utilities are individually metered for electricity, with a single water account for the entire property. Ample parking is available with eight spaces for tenants (two per unit) and one guest space. The property is currently fully leased with long-term tenants, ensuring immediate cash flow. A recent 50-year certification has been successfully completed. This "set-and-forget" investment offers a stable and reliable income stream with significant long-term growth potential in a prime location with high rental demand. The asking price is $980,000. This represents a strong investment with immediate return and future upside.

Property Details for 2632 18Th Ter

Property type
Apartment buildings, Small apartment buildings
Square Feet
4,011 SF
Year Built
1966
Stories
1

Location Insight

City
Oakland Park
County
Broward
State
Florida
Latitude
26.159843
Longitude
-80.1669156
2632 18Th Ter, Oakland Park, Florida

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2632 18Th Ter
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