1-212-671-2347
nyfloridarealty@gmail.com
1-212-671-2347
1-212-671-2347

5 Unit Apartment Building Offered at $870,000 at a 6.22% Cap Rate in Oakland Park, FL

5 Unit Apartment Building Offered at $870,000 at a 6.22% Cap Rate in Oakland Park, FL

5 Unit Apartment Building Offered at $870,000 at a 6.22% Cap Rate in Oakland Park, FL

For Sale

$870,000

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Property ID :

 RH-5051-property

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Bedrooms
10
Bathrooms
5
Garage
1.5
Area
3831 SF
Year Built
1970
Lot Size
0.23 AC

Description

Steady, stable financial history. Excellent cape rate of 6 %. A lot of upward potential.
Great for investors. 5 – Unit Apartment building, all of them are 2 bedrooms 1 bathroom. In excellent conditions, upgrated, New central AC, 8 parking space. All units are fully rented. Approximate sizes : 766 SF each. 
Located in a great neighborhood.

Additional Details

  • Building Class: C
  • Sale Type: Investment
  • Cap Rate: 6.22%
  • No. Units: 5
  • Property Type: Multifamily
  • Property Subtype: Apartment
  • Apartment Style: Low Rise
  • Average Occupancy: 100%
  • No. Stories: 1
  • Average Rent / Month: $1,225
  • Gross Rental Income: $72,900
  • Effective Gross Income: $72,900
  • Total Expenses: $18,809
  • Net Operating Income: $54,091

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