Investment Overview

4008–4018 Northwest 5th Avenue was constructed in 1965 and comprises (one) single-story concrete block building with a painted stucco exterior and flat roof. The property offers 3,292 square feet of total building area and sits on a 14,456-square-foot lot (0.33 acres), according to the Broward County Property Appraiser. The unit mix includes (2) studio units and (4) one-bedroom/one bathroom units. The property has been extensively renovated and features on-site laundry facilities, central air conditioning, paved asphalt parking, and large fenced in tropical courtyard. The property is zoned RM-16. 4008–4018 Northwest 5th Avenue is located in Oakland Park, Florida, offering residents convenient access to Andrews Avenue, Oakland Park Boulevard, and Interstate 95. The surrounding 3-mile area reports an average household income of $93,222 and population growth of 9.58% since 2010. Residents are within walking distance to Catfish Dewey’s Restaurant, Alegria Taco, and Truist Bank, with a short drive to Funky Buddha Brewery, Downtown Oakland Park, Wilton Manors, and Downtown Fort Lauderdale. The city of Oakland Park continues to see strong momentum from a wave of new mixed-use and multifamily development that is reshaping the city’s core and improving its long-term rental profile. Projects such as Oaklyn and Parklyn are adding new residential units in walkable, amenity-rich settings that support demand from renters seeking proximity to Downtown Fort Lauderdale and the beaches. Additional developments including the Sky Building, Greenleaf Park, and Horizon further reinforce this growth trend by introducing modern housing options and activating key corridors with new investment, streetscape improvements, and neighborhood-serving retail and dining potential. Surrounding area retailers and points of interest include Catfish Dewey’s Restaurant (0.3 miles), Alegria Taco (0.4 miles), Truist Bank (0.5 miles), Walgreens at Prospect Road and Andrews Avenue (0.6 miles), Oakland Park Festival Center featuring Crunch Fitness, projectROCK, Americas Got Soccer, Dollar Tree, and Bravo Supermarket (0.7 miles), Wimberly Fields Park (0.7 miles), Walgreens at Oakland Park Boulevard and Andrews Avenue (0.9 miles). Additionally, just a short drive from the property is the Funky Buddha Brewery (1.3 miles), Downtown Oakland Park (1.3 miles), Jaco Pastorius Park (1.4 miles), Sprouts Farmers Market (1.6 miles), Aldi (1.6 miles), and Fort Lauderdale-Hollywood International Airport (8.4 miles). Nearby educational facilities include Lloyd Estates Elementary School (0.2 miles), Northeast High School (2.4 miles), Fort Lauderdale High School (2.6 miles), and James S. Rickards Middle School (2.9 miles). 4008–4018 Northwest 5th Avenue is being offered for sale at $1,175,000 or $195,833 per unit.