Occupied
New
For Sale
$550,000
149 Broward Avenue, Greenacres, FL 33463
Two separate two-bedroom, one-bath residences are currently occupied.
Property Size1,925 SF
Lot Size0.30 Acres
Price / SF$285.71
Days on Market4
Property Features for 149 Broward Avenue
General Information
Standard status
Active
Size
1,925 SF
Lot size
0.30 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,557
Building Details
Building Size
1,925 SF
Year Built
1977
Construction
concrete block
Listing Agency:
Luxe Key Realty Group, LLC
Listed By:
Krystle Lynne Rea · License #3327058
(561) 707-8383
Source:
Meyerlucas
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 10 at 2:34AM
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 Luxe Key Realty Group, LLC
Investment Insights
Based on property information with market context.
Built in 1977, this concrete block duplex contains two separate units, each with two bedrooms and one bathroom. The property has approximately 1,925 total square feet and sits on an approximately .30-acre lot. Both units are occupied.
Key Highlights
- Two separate 2‑bedroom, 1‑bath units
- Approximately 1,925 total square feet
- Approximately .30‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,089
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,780
$641.8K
Cap Rate 7%
$458,414
$458.4K
Cap Rate 9%
$356,544
$356.5K
Market Conditions
NOI Build-Up for 1,925 SF
Gross rent
$48.5K $25.20/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$45.8K $23.81/SF
− OpEx
−$13.8K −$7.14/SF
NOI
$32.1K $16.67/SF
Area
Palm Beach County, 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%
$641,780
Cap Rate 7%
$458,414
Cap Rate 9%
$356,544
Alternative Uses
Best Use
Multifamily LT 5
$458.4K
$401.1K – $534.8K
NOI $32,089 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$422.9K
$370.1K – $493.4K
NOI $29,605 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $94,898 @ 7.0% cap · market cap 17.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
Explore this area
Business Placement
Demographics for 33463, FL
64,608
Population
22,696
Households
2.8
Avg Household Size
37
Median Age
25%
College-Educated
82%
High-School Grad
10.8 sq mi
ZIP Area
5,982
Density / Sq Mi
$68,697
Median Household Income
$34,846
Median Earnings
$1,721
Median Rent
$326,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate two-bedroom, one-bath residences are currently occupied.
Where is this duplex located?
The property is located at 149 Broward Avenue Greenacres, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bath units; Approximately 1,925 total square feet; Approximately .30‑acre lot
