11 SW 11th Avenue Fort Lauderdale, FL 33312
MULTI_FAMILY - Fort Lauderdale, FL
Property Features for 11 SW 11th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RMM-25
- Bedrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 1
- Window features
- Storm Window(s)
- Pets allowed
- No
- Standard status
- Active
- APN
- 504209092420
- Size
- 2,480 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- WAVERLY PLACE 2-19 D LOT 1 THRU 5,6 E 5 & S1/2 VAC ALLEY ABUTTING SAID LOT BLK 124
- Tax Annual Amount
- 10524
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Ceiling Fan(s), Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1922
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Tile
- Building materials
- Frame
- Roof type
- Metal
Listing agent Lisa P Stephenson License #0651548 (954) 818-2936
Listing office LoKation 1500 E Atlantic Blvd. The K. Co. Building, Pompano Beach, FL (954) 545-5583
Listing date Aug 11, 2025
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Approximately 1/3‑acre property in the Sailboat Bend Historic District, zoned RMM‑25 (Residential Multifamily Medium High Density).
- Two income‑producing cottages currently generate $3,600/month in rental income.
- Zoned RMM‑25 with potential to add 5+ additional multi‑level units (per listing remarks).
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.5k | $25.20 |
| − Vacancy | −$3.4k | −$1.39 |
| EGI | $59.1k | $23.81 |
| − OpEx | −$17.7k | −$7.14 |
| NOI | $41.3k | $16.67 |
