2002 Duplex Income
1604 Southwest 44th Avenue Fort Lauderdale, FL 33317
1604 Southwest 44th Avenue, Fort Lauderdale, FL, 33317
$725,000
For Sale
$725,000
Duplex built in 2002 with in-unit washer and dryer and four on-site parking spaces for tenants.
Property Size2,202 SF
Price / SF$329.25
Days on Market155
Property Features for 1604 Southwest 44th Avenue
General Information
- Standard status
- Active
- Size
- 2,202 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 2005
Listing agency
Royale Miami Realty
(305) 302-3212
Listed by
Tatiana Domovsky · License #3267852
(305) 302-3212
Source
Compass
Added: Feb 18 Updated: Jul 20 at 7:30PM Checked: Jul 22 at 10:25AM
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
Investment Insights
Based on property information with market context.
This income-producing duplex was built in 2002 and is configured as two separate units. Each unit includes a private washer and dryer and practical floor plans intended for long-term occupancy.
The property is located in Fort Lauderdale in a rental-focused area with strong demand for housing. The duplex is noted as Section 8 approved, and the listing highlights an occupancy history.
Four on-site parking spaces are available to support tenant convenience. The seller also indicates ownership of three additional duplexes in the area and prefers to sell the properties as a package.
The property is located in Fort Lauderdale in a rental-focused area with strong demand for housing. The duplex is noted as Section 8 approved, and the listing highlights an occupancy history.
Four on-site parking spaces are available to support tenant convenience. The seller also indicates ownership of three additional duplexes in the area and prefers to sell the properties as a package.
Key Highlights
- Duplex built in 2005 with long‑term rental‑focused floor plans
- Each unit includes a private washer and dryer
- Section 8 approved
Local 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 | $55.5k | $25.20 |
| − Vacancy | −$3.1k | −$1.39 |
| EGI | $52.4k | $23.81 |
| − OpEx | −$15.7k | −$7.14 |
| NOI | $36.7k | $16.67 |
2,202 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$524.4K
$458.8K – $611.8K
NOI $36,707 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$472.4K
$413.3K – $551.1K
NOI $33,066 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.48M
$1.29M – $1.73M
NOI $103,582 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex built in 2002 with in-unit washer and dryer and four on-site parking spaces for tenants.
Where is this duplex located?
The property is located at 1604 Southwest 44th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Duplex built in 2005 with long‑term rental‑focused floor plans; Each unit includes a private washer and dryer; Section 8 approved
