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3450 NE 13th Ave - 1384-1338 NE 35th Street & 3450-3460 NE 13th
0.54 Acres of Residential Land Offered at $1,750,000 in Oakland Park, FL 33334
Investment Highlights
- Location and walkability
- Trending Area
- Rental Income
Executive Summary
23,451 Sq Feet, being sold together, survey available upon request. The current 2 identical 2/1 upgraded homes on the property are to be sold along with the neighboring listing which is comprised an upgraded duplex. Zoned for Multi-Family use (Upgradeable to RM-16, 16 units per acre) has 160 feet of frontage.
This property is being sold with neighboring duplex lot at 3450-3460 NE 13th Ave, Oakland Park, FL currently on the market. All information provided is believed to be accurate but is not
Financial Summary (Actual - 2023) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$124,800
|
$231,797.92
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$124,800
|
$231,797.92
|
| Taxes |
-
|
-
|
| Operating Expenses |
$6,000
|
$11,144.13
|
| Total Expenses |
$6,000
|
$11,144.13
|
| Net Operating Income |
$118,800
|
$220,653.79
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $124,800 |
| Annual Per AC | $231,797.92 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $124,800 |
| Annual Per AC | $231,797.92 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | $6,000 |
| Annual Per AC | $11,144.13 |
| Total Expenses | |
|---|---|
| Annual | $6,000 |
| Annual Per AC | $11,144.13 |
| Net Operating Income | |
|---|---|
| Annual | $118,800 |
| Annual Per AC | $220,653.79 |
Property Facts
| Price | $1,750,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| Sale Conditions | Bulk/Portfolio Sale | Total Lot Size | 0.54 AC |
| No. Lots | 1 |
| Price | $1,750,000 |
| Sale Type | Investment or Owner User |
| Sale Conditions | Bulk/Portfolio Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.54 AC |
1 Lot Available
Lot
| Price | $1,750,000 | Lot Size | 0.54 AC |
| Price Per AC | $3,250,607 |
| Price | $1,750,000 |
| Price Per AC | $3,250,607 |
| Lot Size | 0.54 AC |
23,451 Square feet located in the heart of downtown Oakland Park, close proximity to the beach, parks, restaurants and more. Potential RM-16 zoning up to 35' feet luxury townhomes. Current two 2/1 single family homes reside and a 2/1 duplex.
Description
Property owned by one family since early 1920's, This is the first time the property has been made available for sale and development. Current residential units generate over $120,000. annually. 3 lots next to these are also on the market and are being re-zoned for luxury townhome development.
zoning
| Zoning Code | R-2 (Presently zoned R-2 with ability to upgrade to RM-16) |
| R-2 (Presently zoned R-2 with ability to upgrade to RM-16) |
Learn More About Investing in Land
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3450 NE 13th Ave - 1384-1338 NE 35th Street & 3450-3460 NE 13th
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