Zen Garden | 1273 NE 38th St
Zen Garden is an eight-unit apartment building in Oakland Park, Florida, offered at $1,880,000 at a 5.01% cap. The Class C property comprises one-bedroom, one-bathroom units averaging 525 SF each, built in 1969 and extensively renovated with in-unit washer/dryer, central air conditioning, and modern finishes throughout.
The two-story concrete block building totals 4,337 SF of gross building area on a 0.2-acre lot zoned RM-25. The property features on-site parking, manicured landscaping, and a private gated courtyard. Located at the intersection of Dixie Highway and Federal Avenue, Zen Garden sits between major commercial corridors and offers convenient access to Interstate 95, US-1, and Fort Lauderdale's beaches. The trade area is anchored by LA Fitness, three Publix Supermarkets, Fresh Market, and Coral Ridge Mall, with the Central Business District nearby.
The South Florida market supports strong fundamentals: the three-mile radius averages $108,824 in household income and has grown 10.7% since 2010. The property is currently 100% occupied and positioned as a turn-key investment in a thriving residential market.
- Eight one-bedroom apartments, extensively renovated with in-unit washer/dryer
- 100% occupied, turn-key investment property
- Private gated courtyard, on-site parking, and manicured landscaping
- Prime location near LA Fitness, Publix, Fresh Market, and Coral Ridge Mall
- Strong demographics: $108,824 average household income, 10.7% population growth since 2010
- RM-25 zoning supports continued multifamily use
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Features & amenities
Location
Zen Garden is a well-maintained multifamily property located at 1273 Northeast 38th Street in Oakland Park, Florida. Built in 1969, the property consists of a two-story concrete block building with a stucco exterior and offers approximately 4,337 square feet of gross building area, including around 4,200 square feet of leasable space, situated on an 8,837-square-foot lot. The property features eight one-bedroom, one-bathroom apartments averaging 525 square feet each, along with desirable amenities such as central air conditioning, on-site laundry facilities, paved parking, and essential life-safety systems. Zoned RM-25, the property is well positioned for continued residential use. Its prime location provides convenient access to Dixie Highway, US-1, and Interstate 95, placing residents close to major employment centers, shopping, dining, parks, entertainment, and Fort Lauderdale's beaches. Supported by strong local demographics, including an average household income of over $108,000 within a three-mile radius and steady population growth, Zen Garden represents an attractive multifamily investment in a thriving South Florida market.
- Extensively Renovated 8-Unit Apartment Building Located next to Funky Buddha in Oakland Park
- Turn-Key Property with On-Site Parking, Manicured Landscaping and a Private Gated Courtyard
- Near LA Fitness, 3x Publix Supermarkets, Fresh Market, Coral Ridge Mall, Central Business District
- Beautifully Finished One-Bedroom Apartments w/Central Air Conditioning, In-Unit Washer/Dryer
- Excellent Location between Dixie & Federal Highways and Oakland Park & Commercial Boulevards
- 10.7% Population Growth since 2010 and $108,824 Average Household Income within 3-Mile Radius