Duplex with Private
110 NW 32nd Avenue, Lauderhill, FL 33311
For Sale
$575,000
A recently updated roof and exterior paint complement the property's private outdoor space.
Property Size1,300 SF
Price / SF$442.31
Days on Market225
Property Features for 110 NW 32nd Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Sunshine State Housing Solutions
Listed By:
Alan S. Baley · License #0423092
(954) 822-7547
Source:
Waltzerrealty
Added: Mar 28
Changed: Nov 6
Last Checked: Nov 6 at 2:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sunshine State Housing Solutions
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Investment Insights
Based on property information with market context.
This 1,300-square-foot duplex was built in 1959 and has a two-bedroom unit and a one-bedroom unit. The two-bedroom unit has a Section 8 tenant. Recent work includes a new Owens Corning Duration shingle roof and fresh exterior paint. The property also has a large private yard and sits on a cul-de-sac road.
Key Highlights
- 1,300‑square‑foot duplex with two‑bedroom and one‑bedroom units
- New Owens Corning Duration shingle roof
- Exterior paint recently refreshed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,671
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,420
$433.4K
Cap Rate 7%
$309,586
$309.6K
Cap Rate 9%
$240,789
$240.8K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$32.8K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$31.0K $23.81/SF
− OpEx
−$9.3K −$7.14/SF
NOI
$21.7K $16.67/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,420
Cap Rate 7%
$309,586
Cap Rate 9%
$240,789
Alternative Uses
Best Use
Multifamily LT 5
$309.6K
$270.9K – $361.2K
NOI $21,671 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$285.6K
$249.9K – $333.2K
NOI $19,993 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$659.5K
$577.1K – $769.5K
NOI $46,168 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Explore this area
Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Broward County, FL
Properties on Market for Duplexes in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A recently updated roof and exterior paint complement the property's private outdoor space.
Where is this duplex located?
The property is located at 110 NW 32nd Avenue Lauderhill, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1,300‑square‑foot duplex with two‑bedroom and one‑bedroom units; New Owens Corning Duration shingle roof; Exterior paint recently refreshed
