Duplex with Fenced
1701 SW 70th Avenue, North Lauderdale, FL 33068
For Sale
$309,000
The property is occupied under a lease through July 31, 2027, and has no association.
Property Size775 SF
Price / SF$398.71
Days on Market47
Property Features for 1701 SW 70th Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
fenced in yard
Building Details
Building Size
Year Built
Listing Agency:
Halperin Realty Corp
Listed By:
Enat L Halperin · License FL #0629640
(954) 309-8319
Source:
Redpinrealty
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 8 at 3:11PM
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 Halperin Realty Corp
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Investment Insights
Based on property information with market context.
This duplex, built in 1970, features a renovated kitchen, new appliances, fresh paint, and tiled flooring throughout. The outdoor area is enclosed, and the corner parcel has room for a pool.
The property is leased through July 31, 2027, and has no association.
The property is leased through July 31, 2027, and has no association.
Key Highlights
- Corner parcel with fenced outdoor space and room for a pool
- Updated kitchen, new appliances, fresh paint, and tiled floors
- Lease in place through July 31, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,843
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,860
$236.9K
Cap Rate 7%
$169,186
$169.2K
Cap Rate 9%
$131,589
$131.6K
Market Conditions
NOI Build-Up for 775 SF
Gross rent
$22.8K $29.40/SF
− Vacancy
−$1.3K −$1.62/SF
EGI
$21.5K $27.78/SF
− OpEx
−$9.7K −$12.50/SF
NOI
$11.8K $15.28/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,860
Cap Rate 7%
$169,186
Cap Rate 9%
$131,589
Alternative Uses
Best Use
Apartment 5plus
$169.2K
$148.0K – $197.4K
NOI $11,843 @ 7.0% cap · market cap 3.83%
Second Best
Multifamily LT 5
$130.0K
$113.7K – $151.7K
NOI $9,099 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$393.2K
$344.0K – $458.7K
NOI $27,523 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 33068, FL
53,137
Population
19,760
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
83%
High-School Grad
6.4 sq mi
ZIP Area
8,303
Density / Sq Mi
$63,688
Median Household Income
$33,524
Median Earnings
$1,893
Median Rent
$288,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Broward County, FL
Properties on Market for Duplexes in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property is occupied under a lease through July 31, 2027, and has no association.
Where is this duplex located?
The property is located at 1701 SW 70th Avenue North Lauderdale, FL.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Corner parcel with fenced outdoor space and room for a pool; Updated kitchen, new appliances, fresh paint, and tiled floors; Lease in place through July 31, 2027
