Happy Buyer purchases a multifamily property in Oakland Park!



Represented Buyer & Seller

ARV= $500,000+

Zoned RD-15, can build 4 townhouses here.

Congrats to this Buyer Loren on his multifamily single Family home with two detached structures. Loren and I go back 25 years to middle school. Nice to see someone I know get their hands around a property with huge upside and emerging neighborhood in the downtown district of Oakland Park, Florida. BTW loren owns a home inspection company and is a G.C. if you are in need. I’ve used him many times and he has a social media account where he goes through all his inspections on IG.What I love about this property is the opportunity to create something great. This is a property that really needed the right owner. Can’t wait to see what he does with this property.

There is a single family home on the property and 2 detached units. One is a garage conversion into a unit, and the other is just screaming to be converted into an apartment. Also i love implementing house hacking tricks and the house has a section with its own bedroom and bathroom, creating the opportunity to make 4 income producing units. There is always the opportunity to scrap it all and building 4 townhouses. I was contacted by many Buyer’s “what’s the cap, what the ARV” Listen speed wins, Loren knew there was an opportunity no matter what that answer was. When preparation meets opportunity…..

Leave a Comment

Your email address will not be published. Required fields are marked *