Triplex with Resort-Style
1681 NE 56th Street Fort Lauderdale, FL 33334
1681 NE 56th Street, Fort Lauderdale, FL, 33334
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For Sale
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Well-maintained triplex with all three units on month-to-month occupancy and a resort-style pool setting.
Property Size2,681 SF
Price / SF$383.81
Days on Market70
Property Features for 1681 NE 56th Street
General Information
- Standard status
- Active
- Size
- 2,681 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1964
Listing agency
Campbell & Rosemurgy Real Est
Listed by
Marissa Obstbaum · License #3394122
Source
Crexi
Added: May 14 Updated: Jul 10 at 2:02PM Checked: Jul 22 at 9:24AM
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 Campbell & Rosemurgy Real Est
Investment Insights
Based on property information with market context.
This well-maintained triplex at 1681 NE 56th Street, Fort Lauderdale, is configured as three separate residential units, each currently occupied on month-to-month terms. The property is described as income-producing with immediate occupancy, and it has been maintained to support continued use. A standout resort-style pool area serves as a notable common amenity that adds a leisure-oriented character to the overall setting.
The property is located in Fort Lauderdale, with access to the area’s attractions described as minutes from beaches and dining. That convenient proximity can be useful for residents who want an easy commute to coastal and dining options, and for operators considering a short-term rental direction given the property’s existing pool amenity.
For buyers and owner-operators, the month-to-month structure offers flexibility around how the property is managed and positioned. The triplex layout can support a range of strategies, including keeping the current long-term approach or evaluating a short-term rental conversion in light of the described vacation-like pool setting. The current condition and occupancy help reduce downtime and support a straightforward transition for a new owner.
The property is located in Fort Lauderdale, with access to the area’s attractions described as minutes from beaches and dining. That convenient proximity can be useful for residents who want an easy commute to coastal and dining options, and for operators considering a short-term rental direction given the property’s existing pool amenity.
For buyers and owner-operators, the month-to-month structure offers flexibility around how the property is managed and positioned. The triplex layout can support a range of strategies, including keeping the current long-term approach or evaluating a short-term rental conversion in light of the described vacation-like pool setting. The current condition and occupancy help reduce downtime and support a straightforward transition for a new owner.
Key Highlights
- Well‑maintained triplex built in 1964 with all 3 units on month‑to‑month occupancy
- Immediate income potential with month‑to‑month tenants in all three units
- Resort‑style pool area as a standout community feature
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 | $67.6k | $25.20 |
| − Vacancy | −$3.7k | −$1.39 |
| EGI | $63.8k | $23.81 |
| − OpEx | −$19.2k | −$7.14 |
| NOI | $44.7k | $16.67 |
2,681 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$638.5K
$558.7K – $744.9K
NOI $44,692 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$575.1K
$503.2K – $671.0K
NOI $40,259 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,114 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Well-maintained triplex with all three units on month-to-month occupancy and a resort-style pool setting.
Where is this triplex located?
The property is located at 1681 NE 56th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,029,000.
What are key features of this property?
This property features: Well‑maintained triplex built in 1964 with all 3 units on month‑to‑month occupancy; Immediate income potential with month‑to‑month tenants in all three units; Resort‑style pool area as a standout community feature
