Residential Income
1236 NE 16 Avenue Fort Lauderdale, FL 33304
1236 NE 16 Avenue, Fort Lauderdale, FL, 33304
$699,000
Pending
For Sale
$699,000
Pending
Duplex for sale at 1236 NE 16 Avenue in Fort Lauderdale, offering residential income property potential.
Property Size1,359 SF
Days on Market29
Property Features for 1236 NE 16 Avenue
General Information
- Standard status
- Pending
- Size
- 1,359 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1959
Listing agency
Realty Hub
(305) 778-1190
Listed by
Nissan Shukrie · License #3085829
(305) 778-1190
Source
Riserealty
Added: Jun 24 Updated: Jul 21 at 4:45PM Checked: Jul 21 at 4:45PM
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Investment Insights
Based on property information with market context.
This residential income duplex is offered for sale and features a two-unit configuration within a single property. It is being marketed as a multifamily/residential income asset based on the property type provided.
The property is located at 1236 NE 16 Avenue, Fort Lauderdale, FL 33304.
The property is located at 1236 NE 16 Avenue, Fort Lauderdale, FL 33304.
Key Highlights
- Duplex for sale at 1236 NE 16 Avenue, Fort Lauderdale
- Built in 1959
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 | $34.2k | $25.20 |
| − Vacancy | −$1.9k | −$1.39 |
| EGI | $32.4k | $23.81 |
| − OpEx | −$9.7k | −$7.14 |
| NOI | $22.7k | $16.67 |
1,359 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$323.6K
$283.2K – $377.6K
NOI $22,654 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$291.5K
$255.1K – $340.1K
NOI $20,407 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$913.2K
$799.1K – $1.07M
NOI $63,927 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex for sale at 1236 NE 16 Avenue in Fort Lauderdale, offering residential income property potential.
Where is this duplex located?
The property is located at 1236 NE 16 Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Duplex for sale at 1236 NE 16 Avenue, Fort Lauderdale; Built in 1959
