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355 NW 32nd St
Oakland Park, FL 33309

$1,300,000 USD

Apartments For Sale  •  4,739 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,287 SF
  • Lot Size 0.32 AC
  • Building Class C
  • Year Built 1965
  • Cap Rate 7.18 %
  • Zoning R-2
40 Transit Score
70 Walk Score

Highlights

Strong Cash Flow – Nearly $10,000/month in rental income with $73,709 NOI.
6-Unit Multifamily Asset – Unit mix of 4×1BD/1BA, 1×2BD/1BA, and 1 studio appealing to a broad tenant base.
Value-Add Opportunity – Month-to-month leases allow for immediate rent adjustments to market rates.
Prime East of US-1 Location – Situated in a high-demand Oakland Park rental corridor.
Excellent Accessibility – Minutes from Fort Lauderdale Beach, I-95, and Fort Lauderdale–Hollywood International Airport.
High Rental Demand Area – Strong tenant demand driven by proximity to employment, beaches, and major transportation routes.

Financial Summary (Actual)

Net Operating Income: $73,709 USD (2025)
Cap Rate: 7.18 %
Total Expenses: $44,191 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Microwave
  • Security System
  • Tenant Controlled HVAC
  • Smoke Free
  • Trash Pickup - Curbside
  • Kitchen
  • Refrigerator
  • Oven
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Cypress Creek (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 7 min - 3.0 mi
Fort Lauderdale (Mainline - Brightline) 7 min - 3.5 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 16 min - 10.0 mi
Miami International 53 min - 35.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Elior Levi 954-743-7594 Fausto Commercial Realty Consultants
Elior Levi 954-743-7594 Fausto Commercial Realty Consultants