Multifamily Property – 5 Units in Oakland Park, FL – Waterfront Investment Opportunity
Commercial Sale
Category: Multifamily
Price:$1,185,000
Location: Oakland Park, FL
Year Built: 1960
Days on Market: 18
Description:
Unique investment opportunity with this waterfront mixed 5-unit multifamily property in the heart of Oakland Park. Nestled in a sought-after neighborhood on the serene Middle River, this lucrative investment offers a single-family 2/2 home complemented by a secondary structure hosting 4 other units- 2/1, 1/1, and two studios. Situated on a generous ~ 12,000 sqft lot, this fully occupied gem produces $120K annually in gross rental income. Recent upgrades include roofs (2020), HVAC system (8 years), and tankless water heaters (2022). Enhanced with new gutters and vapor barriers (2024), Studio kitchens upgraded (2023/2024), new pool pump and heater (2024). The property features community areas, on-site laundry, and a lush tropical landscape with a large sparkling pool.
Dream investment opportunity! Fully rented and producing income! Unique 5-unit Multi-Family on the Middle River! Walkable to local entertainment!
Listing Code: 1109595458