146 NW 40th Ct

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146 NW 40th Ct

Oakland Park, FL 33309
Asking Price
$4.65M
Asset Type
Multifamily
Class
Class B

What's Special

146 NW 40th Ct is located in the heart of Oakland Park, Florida, situated just west of North Dixie Highway and south of Prospect Road. This central Broward County location offers proximity to the emerging Downtown Oakland Park culinary district and Funky Buddha Brewery. The neighborhood presents a mix of residential and light industrial uses, providing a quiet atmosphere with immediate access to major thoroughfares, including I-95 and US-1. Local bus routes serve the area, connecting residents to nearby employment centers in Fort Lauderdale and Pompano Beach. The property is suited for use as a long-term rental investment or a workforce housing redevelopment. The typical tenant profile includes local professionals and service industry employees seeking proximity to the downtown core and regional transport hubs. Given the neighborhood's zoning and market trends, the site is positioned for consistent occupancy by individuals or small households who prioritize accessibility to urban amenities while maintaining a residential feel. The location supports stable rental demand within the growing submarket of north-central Broward.

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NOI
$80,000
Cap Rate
1.72%
DSCR
0.29
Underwater
Cash-on-Cash
-14.06%
Monthly Payment
$23,005.663
Annual Cash Flow
$-196,067.954

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