Duplex with Large
950 SW 29th St Fort Lauderdale, FL 33315
For Sale
Contact for pricing
Pending
Duplex with a huge backyard, leased through July 2026, designed for income-producing residential living.
Property Size1,795 SF
Days on Market834
Property Features for 950 SW 29th St
General Information
- Standard status
- Pending
- Size
- 1,795 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1954
Listing Agency:
Lifestyle International Realty
(305) 757-1700
Listed By:
Serge Saintil · License #3417238
Source:
Crexi
Added: Apr 12, 2024
Changed: Jul 22
Last Checked: Jul 23 at 11:37AM
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 Lifestyle International Realty
Investment Insights
Based on property information with market context.
This duplex offers two residential units and features a large backyard. The property is currently occupied, with tenants on a lease scheduled through July 2026.
Located at 950 SW 29th St in Fort Lauderdale, the home is described as minutes from Las Olas, Fort Lauderdale Beach, and Fort Lauderdale Airport, with nearby shopping, dining, and entertainment options.
Located at 950 SW 29th St in Fort Lauderdale, the home is described as minutes from Las Olas, Fort Lauderdale Beach, and Fort Lauderdale Airport, with nearby shopping, dining, and entertainment options.
Key Highlights
- Duplex built in 1954
- Tenants are under lease through July 2026
- Huge backyard
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 | $45.2k | $25.20 |
| − Vacancy | −$2.5k | −$1.39 |
| EGI | $42.7k | $23.81 |
| − OpEx | −$12.8k | −$7.14 |
| NOI | $29.9k | $16.67 |
1,795 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$427.5K
$374.0K – $498.7K
NOI $29,922 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$385.1K
$336.9K – $449.2K
NOI $26,954 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,437 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with a huge backyard, leased through July 2026, designed for income-producing residential living.
Where is this duplex located?
The property is located at 950 SW 29th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Duplex built in 1954; Tenants are under lease through July 2026; Huge backyard
