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1001-1045 NE 39 Dr
Oakland Park, FL 33334
Multifamily Property For Sale · 73 Units

Property Facts

No. Units 73
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 1.19 AC
Building Size 49,295 SF
Average Occupancy 97%
No. Stories 2
Year Built 1969
Zoning RM-25

About 1001-1045 NE 39 DR , OAKLAND PARK, FL 33334

The City Of Oakland Park is in the process of creating a downtown atmosphere centered around a new City Hall that is going to be built along Dixie Highway and Northeast 38th St across just a few blocks from the subject properties. In 2017, the Community Redevelopment Agency (CRA) began its action plan and determined how they will develop the new Downtown area. With programs such as the Landscape Beautification Initiative, Public Art Program along with the public and private funding of new mixed- use developments, there is going to be an expected $30-$50 million invested in this new social hub. Since the inception of the CRA concept in Oakland Park, the downtown has been the Linchpin of the redevelopment efforts and has seen the largest growth in private investment within the CRA. The revitalization will bring jobs, increased interest from investors and most importantly, prosperity to the surrounding areas. With the subject properties located just a few blocks from this boon of economic activity, this is the time to secure the real estate around it to ensure you can ride the wave of growth that will soon garner tens of millions of dollars in economic activity. The downtown district of Oakland Park is located along two of the area's major arterial corridors, Oakland Park Boulevard and Dixie Highway, therefore making it an accessible destination from many locations. The area is also less than two miles from world-famous South Florida beaches, schools, shopping centers and employment centers, making it attractive for both the home buyer and the visitor. Downtown Oakland Park is surrounded by a number of established neighborhoods which are accessible by both pedestrians and vehicles. The downtown district is intended to be a vibrant and compact urban area that will foster smart growth and stimulate economic development. Emphasis on new urbanism will be encouraged with a mixed-use city center that will have spacious pedestrian walkways and arcades, beautiful parks and open spaces and aesthetically-pleasing facades. Characteristics and components of the revitalized downtown will also include mixed-use development, enhanced housing opportunities, historic preservation and improved transportation facilities.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 5 $950.00 543
2+1 68 $1,200 685

Property Taxes

Property Taxes

Parcel Number
49-42-23-09-0030
Land Assessment
$620,930
Improvements Assessment
$4,307,070
Total Assessment
$4,928,000
  • Listing ID: 13786263

  • Date on Market: 9/14/2018

  • Last Updated:

  • Address: 1001-1045 NE 39 Dr, Oakland Park, FL 33334

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