Duplex For
1720 NE 8th Avenue Fort Lauderdale, FL 33305
1720 NE 8th Avenue, Fort Lauderdale, FL, 33305
$699,950
For Sale
$699,950
Duplex available for sale, suited for residential income opportunities.
Property Size1,572 SF
Price / SF$445.26
Days on Market13
Property Features for 1720 NE 8th Avenue
General Information
- Standard status
- Active
- Size
- 1,572 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1971
Listing agency
Dettman Realty Group LLC
(512) 659-7093
Listed by
Troy E Hanna · License #3085829
(512) 659-7093
Source
Riserealty
Added: Jul 10 Updated: Jul 21 at 10:28PM Checked: Jul 21 at 10:28PM
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 Dettman Realty Group LLC
Investment Insights
Based on property information with market context.
This duplex offers a residential income configuration and is being marketed for sale as a two-unit property. The property is categorized as duplexes, multifamily properties, and residential income properties, making it suitable for buyers focused on rental housing.
The asset is located at 1720 NE 8th Avenue, Fort Lauderdale, FL 33305. The listing includes a property size of 1,572.
As presented, the offering is a straightforward duplex opportunity for investors or owner-occupants seeking a residential income asset.
The asset is located at 1720 NE 8th Avenue, Fort Lauderdale, FL 33305. The listing includes a property size of 1,572.
As presented, the offering is a straightforward duplex opportunity for investors or owner-occupants seeking a residential income asset.
Key Highlights
- Duplex for sale with Year Built 1971
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 | $39.6k | $25.20 |
| − Vacancy | −$2.2k | −$1.39 |
| EGI | $37.4k | $23.81 |
| − OpEx | −$11.2k | −$7.14 |
| NOI | $26.2k | $16.67 |
1,572 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$374.4K
$327.6K – $436.8K
NOI $26,205 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$337.2K
$295.1K – $393.4K
NOI $23,606 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.06M
$924.3K – $1.23M
NOI $73,947 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex available for sale, suited for residential income opportunities.
Where is this duplex located?
The property is located at 1720 NE 8th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $699,950.
What are key features of this property?
This property features: Duplex for sale with Year Built 1971
