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2600 NW 21st Ave
Oakland Park, FL 33311
Northwest Motel · Hospitality Property For Sale
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11,472 SF
Investment Highlights
- Amazing CAP Rate. Actual for 2019 = 9.79%. Proforma for 2020 = 10.42%.
- Excellent income, renovation or redevelopment opportunity.
- Great value-add opportunity. Excellent rental income.
Property Facts
About 2600 NW 21ST AVE , OAKLAND PARK, FL 33311
Amazing CAP Rate. Actual for 2019 = 9.79%. Proforma for 2020 = 10.42%. Great value-add opportunity. Excellent rental income. Mixed use store/office/residential property in the heart of Ft. Lauderdale/Oakland Park industrial area. Large road frontage on busy 21st Ave. Minutes from I-95 and Oakland Park Blvd. Approximately ¾ of an acre -- prime for renovation or redevelopment. Fully rented and stabilized property with 15 dormitory style rooms with one year (renewable leases) and commercial tenant with one year lease (renewable). 2 large meeting halls and four offices. 20 parking spots with room for additional parking. Property passed the 40 year inspection. Excellent income, renovation or redevelopment opportunity.
Property Taxes
| Parcel Number | 49-42-28-01-0350 | Improvements Assessment | $268,220 |
| Land Assessment | $355,330 | Total Assessment | $623,550 |
Property Taxes
Parcel Number
49-42-28-01-0350
Land Assessment
$355,330
Improvements Assessment
$268,220
Total Assessment
$623,550
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