Renovated Duplex Near
1236 NE 16th Ave Fort Lauderdale, FL 33304
For Sale
Contact for pricing
Fully renovated, furnished duplex near the beach and dining.
Property Size1,353 SF
Price / SF$583.15
Days on Market621
Property Features for 1236 NE 16th Ave
General Information
- Standard status
- Active
- Size
- 1,353 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1959
Listing Agency:
The Real Estate Club LLC
Listed By:
nissan shukrie · License #3266235
Source:
Crexi
Added: Nov 12, 2024
Changed: Jul 6
Last Checked: Jul 25 at 2:46AM
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 The Real Estate Club LLC
Investment Insights
Based on property information with market context.
This is a fully renovated and furnished duplex property. The property size is 1353 square feet. It is located minutes from the beach and dining spots. The backyard includes privacy-enhancing greenery, artificial grass, and 2 pavilions. The property is suitable as a retreat, an income-generating rental, or a blend of both.
Key Highlights
- Prime location, minutes from the beach and dining.
- Fully renovated and furnished duplex.
- Versatile property: ideal for personal residence, rental income, or both.
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 | $34.1k | $25.20 |
| − Vacancy | −$1.9k | −$1.39 |
| EGI | $32.2k | $23.81 |
| − OpEx | −$9.7k | −$7.14 |
| NOI | $22.6k | $16.67 |
1,353 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$322.2K
$281.9K – $375.9K
NOI $22,554 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$290.2K
$254.0K – $338.6K
NOI $20,317 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$909.2K
$795.6K – $1.06M
NOI $63,645 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully renovated, furnished duplex near the beach and dining.
Where is this duplex located?
The property is located at 1236 NE 16th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Prime location, minutes from the beach and dining.; **Fully renovated and furnished duplex.**; Versatile property: ideal for personal residence, rental income, or both.
