$495,000
Active
$495,000
1370 40th
Oakland Park, FL 33334
3 bd3 ba1,480 sqft
Kimberly Lake Villas
$625,000119 days on marketActive
121 NW 56th Court 1-2, Oakland Park, FL 33309
Oakland Park, FL 33309
1,660
Sq Ft
$377
$/Sq Ft
1976
Year Built
9331 acres
Lot Size
Listing Snapshot
| List Price | $625,000 |
| Price / Sq Ft | $377 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 1,660 sqft |
| Lot Size | 9331 acres |
| Year Built | 1976 |
| Property Tax | $9,979.64/yr |
| MLS # | 1158004802 |
| Status | Active |
| Days on Market | 119 |
About This Home
Income-producing duplex in a high-demand Oakland Park location. Both units are leased at $2,100.00 - Actual Annual Income: $50,400 Annual Expenses: $10,943.75 / CAP RATE = 6.31% PROPERTY HIGHLIGHTS: * UNIT A - 800 Sq.Ft. 2 BD, 1 BA, LAUNDRY ROOM with Washer & Dryer connections + Privacy fence and backyard. * UNIT B - 800 Sq.Ft. 2BD, 1 BA, LAUNDRY ROOM with Washer & Dryer connections + Privacy fence and backyard. Key Capital improvements: * HVAC (2019), water heater (2019), and new stove. * Well-water irrigation system with a New Pump and Motor (March 2026). Built in 1976 - CBS construction | separate water and electric meters, lowering expenses and simplifying management. Each Minutes from Wilton Manors, Fort Lauderdale Airport, and the beaches, offering immediate cash flow and long-term upside. BOTH UNITS ARE LEASED | flexible lease terms, offering immediate income potential and allowing flexibility for rent increases, repositioning, or short-term rental conversion. Short-term rentals allowed (Airbnb, VRBO, etc.). *** Also available as part of the portfolio, sale includes two single-family homes | 321 NW 51St. Street & 5730 NE 6Th. Terrace and a WAREHOUSE | 4511 NE 6Th. Ave. - ideal for investors seeking diversification and scale. All these properties are leased. Let's make that happen.
General Features
- Property Type
- ResidentialIncome
- Sub-type
- Duplex
- Stories
- 1
- Parking Spaces
- 4
- Zoning
- RD-10
- Utilities
- SewerConnected,WaterConnected
- Subdivision
- PATTERSON PARK
Interior Features
- Flooring
- Tile
- Heating
- Central,Electric,SeparateMeters
- Cooling
- CentralAir,Electric,WallWindowUnits
- Laundry
- WasherHookup,LaundryRoom
Exterior Features
- Construction
- Block,Stone,Stucco
- Exterior Features
- Awnings,Other
- Roof
- Other
- Lot Features
- CornerLot,CulDeSac,FruitTrees,SprinklersAutomatic,SprinklerSystem
- Fencing
- BackYard,Fenced
- Pool
- No
- View
- Other
- Waterfront
- No
- Waterfront Features
- None
Community Features
- MLS Area
- 3540
Schools
ElementaryNorth Andrews Gardens
MiddleJames S. Rickards
HighNortheast
Map
Virtual Tour
View Virtual TourListed by Grisel Arias · LPT Realty, LLC
MLS# 1158004802 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
MLS# 1158004802 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
Interested in this home?
Schedule a showing or ask a question — buyer representation is free.
Estimate Your Payment
$
20% down · Loan: $500,000
%
Est. Monthly$4,243
Principal & Interest$3,411
Property Tax$832
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.
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