2140 NW 29th St

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2140 NW 29th St

Oakland Park, FL 33311
Asking Price
$1.32M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The asset is a 7-unit multifamily apartment building for sale.
  • Property is located at 2140 NW 29th St in Oakland Park.
  • The total asking price for the investment is $1,325,000.
  • Asset sits within the active Broward County residential real estate market.
  • Building offers proximity to major regional transportation routes and amenities.

What's Special

This multifamily apartment building contains 7 units and is situated at 2140 NW 29th St in Oakland Park, Florida. Positioned within the Broward County submarket, this property benefits from the surrounding density and economic connectivity of the greater Fort Lauderdale metropolitan area. The site provides a stable entry point for investors targeting residential rental assets in a well-established coastal region. Given the current configuration, the building serves as a traditional multifamily housing asset suitable for long-term rental income. Residents in this area enjoy proximity to major regional thoroughfares that link the suburban landscape to employment centers, retail corridors, and the Atlantic coastline. The Oakland Park submarket continues to experience steady demand for housing, making this asset a practical addition to a residential investment portfolio focused on the South Florida market.

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NOI
$80,000
Cap Rate
6.04%
DSCR
1.02
Tight
Cash-on-Cash
0.34%
Monthly Payment
$6,555.377
Annual Cash Flow
$1,335.475

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