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Oakland Villas 355 NW 32nd St 6 Unit Apartment Building $1,777,984 CAD ($296,331 CAD/Unit) 7.18% Cap Rate Oakland Park, FL 33309
Investment Highlights
- Strong Cash Flow – Nearly $10,000/month in rental income with $73,709 NOI.
- Value-Add Opportunity – Month-to-month leases allow for immediate rent adjustments to market rates.
- Excellent Accessibility – Minutes from Fort Lauderdale Beach, I-95, and Fort Lauderdale–Hollywood International Airport.
- 6-Unit Multifamily Asset – Unit mix of 4×1BD/1BA, 1×2BD/1BA, and 1 studio appealing to a broad tenant base.
- Prime East of US-1 Location – Situated in a high-demand Oakland Park rental corridor.
- High Rental Demand Area – Strong tenant demand driven by proximity to employment, beaches, and major transportation routes.
Executive Summary
Excellent opportunity to acquire a 6-unit multifamily property in Oakland Park, ideally located east of U.S. Route 1. The property features a desirable unit mix consisting of four 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, and one studio, appealing to a broad tenant base. The property currently generates nearly $10,000 per month in rental income with a Net Operating Income (NOI) of $73,709.21. All tenants are on month-to-month leases, offering immediate upside through potential rent increases to market rates. Strategically located just minutes from Fort Lauderdale Beach, I-95, and Fort Lauderdale–Hollywood International Airport, the property benefits from strong rental demand in a highly desirable east-of-US-1 location. This is an excellent opportunity for investors seeking stable cash flow with significant value-add potential.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$161,249
|
$34.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$161,249
|
$34.02
|
| Taxes |
$23,490
|
$4.96
|
| Operating Expenses |
$36,949
|
$7.80
|
| Total Expenses |
$60,439
|
$12.75
|
| Net Operating Income |
$100,810
|
$21.27
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $161,249 |
| Annual Per SF | $34.02 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $161,249 |
| Annual Per SF | $34.02 |
| Taxes (CAD) | |
|---|---|
| Annual | $23,490 |
| Annual Per SF | $4.96 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $36,949 |
| Annual Per SF | $7.80 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $60,439 |
| Annual Per SF | $12.75 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $100,810 |
| Annual Per SF | $21.27 |
Property Facts
| Price | $1,777,984 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $296,331 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 7.18% | Building Size | 3,287 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1965/2002 |
| Property Subtype | Apartment | Parking Ratio | 1.83/1,000 SF |
| Zoning | R-2 | ||
| Price | $1,777,984 CAD |
| Price Per Unit | $296,331 CAD |
| Sale Type | Investment |
| Cap Rate | 7.18% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 3,287 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1965/2002 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | R-2 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Security System
- Kitchen
- Refrigerator
- Oven
- Smoke Free
Site Amenities
- 24 Hour Access
- Security System
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $3,146 CAD | - |
| 1+1 | 4 | $2,599 CAD | - |
| Studios | 1 | $1,915 CAD | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 49-42-22-23-0060 | Total Assessment | $1,155,336 CAD (2026) |
| Land Assessment | $0 CAD (2026) | Annual Taxes | $23,490 CAD ($7.15 CAD/SF) |
| Improvements Assessment | $0 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
49-42-22-23-0060
Land Assessment
$0 CAD (2026)
Improvements Assessment
$0 CAD (2026)
Total Assessment
$1,155,336 CAD (2026)
Annual Taxes
$23,490 CAD ($7.15 CAD/SF)
Tax Year
2025
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Oakland Villas | 355 NW 32nd St
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