SOLD
1279 NE 40 PL
Oakland Park,FL
$674,999
The perfect investment for you.
TRIPLEX in the highly sought-after East Oakland Park, an opportunity for both short-term or annual purposes. Impact windows, roof and GE electric panels that are only 3.5 years old. All units are equipped with mini-splits, and tankless water heaters. Each unit has tile flooring, granite counters, and stainless appliances, providing a modern and sophisticated aesthetic. Furthermore, private entrances for each unit enhance convenience and privacy for the tenants. Two of the units are equipped with full-size laundry facilities, and private outdoor space options. Conveniently located near the vibrant Oakland Park entertainment district, Funky Buddha Brewery, nearby grocers, and easy access to the beach and I-95, this triplex offers a comfortable living space & proximity to many amenities.
One bedroom + One bathroom
Appx 688 SF
Washer + Dryer in unit
Annual Lease : $1,900/mo thru 10/24
Unit 1
Video taken during tenant turnover.
Apologies for the quality.
UNIT 2
One bedroom + One bathroom
Appx 694 SF
Washer + Dryer in unit
Month to Month : $1,600/mo
One bedroom + One bathroom
Appx 422 SF
Annual Lease : $1,695/mo thru 03/25
unit 3
Property Updates
HVAC Mini Splits (2 per unit): (4) 2017 (2) 2023
Impact Windows and Doors: 2018
Compete Roof Replacement: 2020
Primary and Secondary Electric Panels Replaced: 2020
Exterior Paint and Unit 3 Bathroom Remodel: 2023
Electric Meter Split (all three units have own electric meter): 2024
*All interior work is complete. FPL to install 3rd electric meter. Permitted Work
Financials
Current Rent Roll:
Unit 1: $1,900/mo expire 10/24
Unit 2: $1,600/mo month to month
Unit 3:$1,695/mo expires 3/25
Income:
Rental Income (yr): $62,340
Expenses (yr):
R&M: $1,080
Taxes: $13,656 (no exemptions)
Insurance: $6,200
Utilities(W/S/T): $2,040
Total Expenses: $22,976
Net Income: $39,364
Broker or Owner do not make any representations or warranty, express or implied as to the accuracy or completeness of any information provided by them.
Principle/buyer assumes full and complete responsibility for confirmation and verification of all information received. Prepared by Adam Eglin of Level Realty Partners, LLC
Additional Offerings
SINGLE FAMILY
Wilton Manors. $849,999
4 Beds I 2 Baths
All Updated, New Roof, Windows, Electrical, Landscaping. TURN KEY!
55+ Condo
Aventura. $165,000
1 bedroom, 1 bathroom
1st floor, lake view, great location
JUST LEASED!!!!
Coral Ridge Isles $2,500/mo
2 Beds | 2 Baths | 2- Car Parking
Renovated unit, nearly 1,100 SF. Lots of storage, private back patio.
LEVEL
Real Estate
Adam Eglin
Main Office
3101 N Federal Hwy # 502, Fort Lauderdale, FL 33306
Tel: (305) 240-2326
Email: adame@levelrealty.com
Social: @ADAMatLEVEL