Renovated Duplex Near
For Sale
Contact for pricing
1236 NE 16th Ave, Fort Lauderdale, FL 33304
Fully renovated, furnished duplex near the beach and dining.
Property Size1,353 SF
Price / SF$583.15
Days on Market711
Property Features for 1236 NE 16th Ave
General Information
Standard status
Active
Size
1,353 SF
Total Parking Spaces
5
Property subtype
Multifamily
Zoning
RC-15
Site & Location
Neighborhood
Lrra
Building Details
Year Built
1959
Units
2
Listing Agency:
The Real Estate Club LLC
Listed By:
nissan shukrie · License #3266235
(305) 778-1190
Source:
Crexi
Added: Nov 12, 2024
Changed: Oct 5
Last Checked: Oct 24 at 1:29PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$22,554
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,080
$451.1K
Cap Rate 7%
$322,200
$322.2K
Cap Rate 9%
$250,600
$250.6K
Market Conditions
NOI Build-Up for 1,353 SF
Gross rent
$34.1K $25.20/SF
− Vacancy
−$1.9K −$1.39/SF
EGI
$32.2K $23.81/SF
− OpEx
−$9.7K −$7.14/SF
NOI
$22.6K $16.67/SF
Area
Fort Lauderdale, 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%
$451,080
Cap Rate 7%
$322,200
Cap Rate 9%
$250,600
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 authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,646
Businesses Nearby
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Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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.
