Well-Maintained Duplex
For Sale
$684,999
1600 SW 44th Avenue, Fort Lauderdale, FL 33317
Built in 2002, this duplex offers two units with in-unit washer and dryer and four dedicated parking spaces.
Property Size2,202 SF
Price / SF$311.08
Days on Market98
Property Features for 1600 SW 44th Avenue
General Information
Standard status
Active
Size
2,202 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
RM-15
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,372
Amenities
in-unit washer and dryer
Building Details
Building Size
2,202 SF
Year Built
2004
Stories
2
Tenancy
Multi
Listing Agency:
Royale Miami Realty
Listed By:
Tatiana M Domovsky · License #3267852
(305) 302-3212
Source:
Laerrealty
Added: Jul 18
Changed: Oct 4
Last Checked: Oct 23 at 4:21AM
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 Royale Miami Realty
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Investment Insights
Based on property information with market context.
This well-maintained duplex was built in 2002 and provides two spacious residential units. Each unit includes an in-unit washer and dryer and has functional layouts designed for everyday living. The property has Section 8 approval, which may appeal to investors seeking a tenant with an established rental program.
The duplex also includes four dedicated parking spaces for tenant convenience.
The seller indicates ownership of four duplexes and preference for a package sale.
The duplex also includes four dedicated parking spaces for tenant convenience.
The seller indicates ownership of four duplexes and preference for a package sale.
Key Highlights
- Duplex built in 2002 with 2 units
- Each unit includes an in‑unit washer and dryer
- Section 8 approved for consistent rental income potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,707
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,140
$734.1K
Cap Rate 7%
$524,386
$524.4K
Cap Rate 9%
$407,856
$407.9K
Market Conditions
NOI Build-Up for 2,202 SF
Gross rent
$55.5K $25.20/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$52.4K $23.81/SF
− OpEx
−$15.7K −$7.14/SF
NOI
$36.7K $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%
$734,140
Cap Rate 7%
$524,386
Cap Rate 9%
$407,856
Alternative Uses
Best Use
Multifamily LT 5
$524.4K
$458.8K – $611.8K
NOI $36,707 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$472.4K
$413.3K – $551.1K
NOI $33,066 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$1.48M
$1.29M – $1.73M
NOI $103,582 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
781
Businesses Nearby
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Business Placement
Demographics for 33317, FL
37,590
Population
13,625
Households
2.8
Avg Household Size
41
Median Age
36%
College-Educated
90%
High-School Grad
9.6 sq mi
ZIP Area
3,916
Density / Sq Mi
$84,239
Median Household Income
$43,317
Median Earnings
$1,986
Median Rent
$449,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2002, this duplex offers two units with in-unit washer and dryer and four dedicated parking spaces.
Where is this duplex located?
The property is located at 1600 SW 44th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $684,999.
What are key features of this property?
This property features: Duplex built in 2002 with 2 units; Each unit includes an in‑unit washer and dryer; Section 8 approved for consistent rental income potential
