3450-3470 NW 17th Ter

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3450-3470 NW 17th Ter

Oakland Park, FL 33309
Asking Price
$2.99M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily property located in Oakland Park Florida
  • Asset comprises a total of six residential units
  • Offered for sale at a price of $2,990,000
  • Situated within a growing regional metropolitan housing market
  • Well positioned for consistent long-term residential rental income

What's Special

Priced at $2,990,000, this multifamily apartment building located at 3450-3470 NW 17th Ter in Oakland Park provides a direct investment option within the South Florida real estate market. The asset comprises six units, offering a manageable scale for investors looking to establish or expand a foothold in this established suburban community. Oakland Park serves as a central hub within the Fort Lauderdale metropolitan area, benefitting from consistent regional demand and proximity to major transportation arteries and local employment centers. Residential properties in this submarket typically attract stable occupancy due to the area's ongoing population growth and its balanced mix of local commerce and commuter accessibility. This property functions as an entry-level multifamily acquisition for those targeting consistent rental income in a stable Florida submarket. The physical layout and configuration cater to conventional residential leasing, making it a functional addition to a diversified investment portfolio focused on the southeast Florida corridor.

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NOI
$80,000
Cap Rate
2.68%
DSCR
0.45
Underwater
Cash-on-Cash
-10.87%
Monthly Payment
$14,792.889
Annual Cash Flow
$-97,514.663

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