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3870 N Andrews Ave
Oakland Park, FL 33309
Oasis Apartments · Multifamily Property For Sale
·
140 Units
INVESTMENT HIGHLIGHTS
- Lowest price per door in Broward
- Central Ft Lauderdale location east of I-95 near Downtown Ft Lauderdale and Wilton Manors
- Significant value-add and management upside
EXECUTIVE SUMMARY
- STRONG RENTAL UPSIDE THROUGH LOSS-TO-LEASE. IN-PLACE RENTS AT $1,440 & MARKET RENTS AT $1,600. POST CAPEX RENTS AT JUST BELOW $1,700
- ONSITE AMENITIES INCLUDE: TWO SWIMMING POOLS, COMMUNITY LAUNDRY, AMPLE PARKING AREA
- CENTRALLY LOCATED ON N ANDREWS AVE ONLY A SHORT DRIVE FROM I-95 AND JUST 3.5 MILES NORTH OF DOWNTOWN FORT LAUDERDALE
- SIGNIFICANTLY BELOW REPLACEMENT COST
- LARGE 3.69 ACRE SITE
- ONSITE AMENITIES INCLUDE: TWO SWIMMING POOLS, COMMUNITY LAUNDRY, AMPLE PARKING AREA
- CENTRALLY LOCATED ON N ANDREWS AVE ONLY A SHORT DRIVE FROM I-95 AND JUST 3.5 MILES NORTH OF DOWNTOWN FORT LAUDERDALE
- SIGNIFICANTLY BELOW REPLACEMENT COST
- LARGE 3.69 ACRE SITE
PROPERTY FACTS
| Price Per Unit | $157,143 | Lot Size | 3.69 AC |
| Sale Type | Investment | Building Size | 76,724 SF |
| Gross Rent Multiplier | 10 | Average Occupancy | 86% |
| No. Units | 140 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1970/1976 |
| Property Subtype | Apartment | Parking Ratio | 1.97/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | B-1 - Community Business District | ||
| Price Per Unit | $157,143 |
| Sale Type | Investment |
| Gross Rent Multiplier | 10 |
| No. Units | 140 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.69 AC |
| Building Size | 76,724 SF |
| Average Occupancy | 86% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/1976 |
| Parking Ratio | 1.97/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B-1 - Community Business District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Disposal
- Microwave
- Heating
- Tile Floors
- Kitchen
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Den
- Dining Room
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
- Pool
- Property Manager on Site
- Package Service
- Maintenance on site
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 33 | $1,400 | 325 |
| 1+1 | 102 | $1,750 | 625 |
| 2+1.5 | 5 | $2,150 | 900 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $15,992,580 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$15,992,580
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