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+14 photosLuxury home — 355 NW 32nd Street · Boulevard Villas · Oakland Park
$1,300,000
355 NW 32nd Street, Oakland Park, FL 33309
Oakland Park, FL, 33309
— bd · 0 ba · 3,287 sqft
Listed by Fausto Commercial Realty Consultants Inc
355 NW 32nd Street, Oakland Park, FL 33309
Listed by Fausto Commercial Realty Consultants Inc
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Estimated monthly payment
$9,964/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $9,964/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homesExcellent 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 $93,405. 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.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
245 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
Your costs (est.)
≈ $9,964/mo
355 NW 32nd Street, Oakland Park, FL 33309 · Oakland Park
Location
355 NW 32nd Street, Oakland Park, FL 33309
Dock & Draft Match™
Ask about dock
Boat fit not verified. Confirm dock length, depth, bridges and ocean access before buying.
What buyers ask about this home
What are the estimated monthly carrying costs at 355 NW 32nd Street, Oakland Park, FL 33309?+
Property tax (after sale): $2,248/month est.; homeowners insurance: $970/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $3,219/month est. Principal and interest: $6,745/month; PMI: $0/month. Total for the payment scenario shown: $9,964/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 355 NW 32nd Street, Oakland Park, FL 33309?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 355 NW 32nd Street, Oakland Park, FL 33309 need flood insurance, and what drives the premium?+
Most of Oakland Park sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 355 NW 32nd Street, Oakland Park, FL 33309?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
What extra costs come with the waterfront at 355 NW 32nd Street, Oakland Park, FL 33309?+
Waterfront ownership adds seawall maintenance and eventual replacement, dock and lift servicing, higher flood and wind premiums, and salt-air upkeep on exterior finishes and equipment. Confirm bridge height and water depth at low tide if you plan to keep a boat.
Is there room to negotiate on 355 NW 32nd Street, Oakland Park, FL 33309?+
This listing has been on the market 245 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Simon Gedz
Realtor® since 1995
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