Zen Garden 1273 NE 38th St 8 Unit Apartment Building $2,673,849 CAD ($334,231 CAD/Unit) 5.01% Cap Rate Oakland Park, FL 33334

Zen Garden is located at 1273 Northeast 38th Street in Oakland Park, Florida. The property was constructed in 1969 and comprises (one) two-story concrete block building with a painted stucco exterior and flat roof. The property offers 4,337 square feet of gross building area with an estimated 4,200 square feet of gross leaseable area and sits on an 8,837-square-foot lot, according to the Broward County Property Appraiser. The unit mix includes (8) one-bedroom/one-bathroom units averaging 525 square feet. The property features on-site laundry facilities, central air conditioning, paved asphalt parking, and standard life-safety components including smoke detectors and fire extinguishers. The property is zoned RM-25.
Zen Garden is located in Oakland Park with convenient access to Dixie Highway, US-1 (Federal Highway), and I-95, placing residents near major employment corridors and a dense concentration of retail, dining, parks, and entertainment. The surrounding 3-mile area reports an average household income of $108,824 and population growth of 10.74% since 2010. Residents are also a short drive from Lauderdale-by-the-Sea, beaches, Coral Ridge Mall, and Downtown Fort Lauderdale.