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1273 NE 38th St
Oakland Park, FL 33334
Zen Garden · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Extensively Renovated 8-Unit Apartment Building Located next to Funky Buddha in Oakland Park
- Turn-Key Property with On-Site Parking, Manicured Landscaping and a Private Gated Courtyard
- Near LA Fitness, 3x Publix Supermarkets, Fresh Market, Coral Ridge Mall, Central Business District
- Beautifully Finished One-Bedroom Apartments w/Central Air Conditioning, In-Unit Washer/Dryer
- Excellent Location between Dixie & Federal Highways and Oakland Park & Commercial Boulevards
- 10.7% Population Growth since 2010 and $108,824 Average Household Income within 3-Mile Radius
Executive Summary
Zen Garden is located at 1273 Northeast 38th Street in Oakland Park, Florida. The property was constructed in 1969 and comprises (one) two-story concrete block building with a painted stucco exterior and flat roof. The property offers 4,337 square feet of gross building area with an estimated 4,200 square feet of gross leaseable area and sits on an 8,837-square-foot lot, according to the Broward County Property Appraiser. The unit mix includes (8) one-bedroom/one-bathroom units averaging 525 square feet. The property features on-site laundry facilities, central air conditioning, paved asphalt parking, and standard life-safety components including smoke detectors and fire extinguishers. The property is zoned RM-25.
Zen Garden is located in Oakland Park with convenient access to Dixie Highway, US-1 (Federal Highway), and I-95, placing residents near major employment corridors and a dense concentration of retail, dining, parks, and entertainment. The surrounding 3-mile area reports an average household income of $108,824 and population growth of 10.74% since 2010. Residents are also a short drive from Lauderdale-by-the-Sea, beaches, Coral Ridge Mall, and Downtown Fort Lauderdale.
Zen Garden is located in Oakland Park with convenient access to Dixie Highway, US-1 (Federal Highway), and I-95, placing residents near major employment corridors and a dense concentration of retail, dining, parks, and entertainment. The surrounding 3-mile area reports an average household income of $108,824 and population growth of 10.74% since 2010. Residents are also a short drive from Lauderdale-by-the-Sea, beaches, Coral Ridge Mall, and Downtown Fort Lauderdale.
Property Facts
| Price Per Unit | $235,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.01% | Building Size | 4,337 SF |
| Gross Rent Multiplier | 10.62 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 2.08/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM25, Oakland Park - Residential Multi-Family | ||
| Price Per Unit | $235,000 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Gross Rent Multiplier | 10.62 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,337 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | RM25, Oakland Park - Residential Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Granite Countertops
- Stainless Steel Appliances
- Walk-In Closets
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 525 |
Property Taxes
| Parcel Number | 49-42-23-03-2320 | Improvements Assessment | $1,999,800 |
| Land Assessment | $61,860 | Total Assessment | $2,061,660 |
Property Taxes
Parcel Number
49-42-23-03-2320
Land Assessment
$61,860
Improvements Assessment
$1,999,800
Total Assessment
$2,061,660
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