Turnkey Furnished 4-Plex with
1109 NE 16th Ter Fort Lauderdale, FL 33304
1109 NE 16th Ter, Fort Lauderdale, FL, 33304
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For Sale
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Renovated, furnished 4-plex near the beach, perfect for short-term rentals.
Property Size2,276 SF
Price / SF$595.34
Days on Market59
Property Features for 1109 NE 16th Ter
General Information
- Standard status
- Active
- Size
- 2,276 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1952
Listing Agency
LoKation
Listed by
Rebecca James · License #3363179
Source
Crexi
Added: May 23 Checked: Jul 19 at 5:16 am
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 LoKation
Investment Insights
Based on property information with market context.
This renovated and furnished 4-plex is suitable for short-term rentals and features high occupancy. Located less than 2 miles from the beach and downtown, each unit includes a washer and dryer. The property includes a pool, parking, a security gate, and cameras. Shopping, bars, entertainment, Galleria Mall, and Publix are nearby. The property size is 2276 square feet.
Key Highlights
- Turnkey furnished 4‑plex ideal for short term rental
- High occupancy rate
- Less than 2 miles from beach and downtown
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 | $57.4k | $25.20 |
| − Vacancy | −$3.2k | −$1.39 |
| EGI | $54.2k | $23.81 |
| − OpEx | −$16.3k | −$7.14 |
| NOI | $37.9k | $16.67 |
2,276 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$542.0K
$474.3K – $632.3K
NOI $37,940 @ 7.0% cap · market cap 2.80%
Second Best
Apartment 5plus
$488.2K
$427.2K – $569.6K
NOI $34,177 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $107,063 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Latinlimos
Freight Service
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Renovated, furnished 4-plex near the beach, perfect for short-term rentals.
Where is this quadplex located?
The property is located at 1109 NE 16th Ter Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,355,000.
What are key features of this property?
This property features: Turnkey furnished 4‑plex ideal for short term rental; High occupancy rate; Less than 2 miles from beach and downtown
