PRICE REDUCTION

1279 NE 40 PL

Oakland Park,FL

$689,000

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

Co​mpete Roof Replacement: 2020

Pr​imary and Secondary Electric Panels Replaced: 2020

Ex​terior Paint and Unit 3 Bathroom Remodel: 2023

El​ectric 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: $3,948

Utilities(W/S/T): $2,040

Total Expenses: $20,724


Net Income: $41,646

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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. $998,999

4 Beds I 2 Baths

All Updated, New Roof, ​Windows, Electrical, ​Landscaping. TURN KEY!

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55+ Condo

Aventura. $175,000

1 bedroom, 1 bathroom

1st floor, lake view, great ​location

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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.

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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

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