Triplex Development
1844 NE 46th Street Fort Lauderdale, FL 33308
1844 NE 46th Street, Fort Lauderdale, FL, 33308
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For Sale
Contact for pricing
Redevelopment concept for a three-unit project using existing walls and slab, with two-story townhomes and attached garages.
Property Size2,323 SF
Price / SF$340.08
Days on Market119
Property Features for 1844 NE 46th Street
General Information
- Standard status
- Active
- Size
- 2,323 SF
- Property subtype
- Business for Sale
Building Details
- Year Built
- 1958
Listing agency
A American Capital Leasing Inc
Listed by
Donald Arpin
Source
Crexi
Added: Mar 26 Updated: Jul 20 at 8:48PM Checked: Jul 22 at 7:58AM
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 A American Capital Leasing Inc
Investment Insights
Based on property information with market context.
This property presents a developer-focused redevelopment concept. The proposal envisions new construction of three two-story townhomes, totaling 1,760 square feet of gross plans, with attached garages. The idea is based on utilizing three existing walls and the slab, and the provided plans are described as a sample of what could be built.
The property is located at 1844 NE 46th Street in Fort Lauderdale, FL 33308. Permitting would be pursued through the City of Fort Lauderdale, and the seller notes they are a structural engineer who can handle plans for the city, along with demo plans. The plans are described as negotiable as part of the redevelopment approach.
The property is located at 1844 NE 46th Street in Fort Lauderdale, FL 33308. Permitting would be pursued through the City of Fort Lauderdale, and the seller notes they are a structural engineer who can handle plans for the city, along with demo plans. The plans are described as negotiable as part of the redevelopment approach.
Key Highlights
- 1958‑built property presented for developer redevelopment concept.
- Proposed plan uses 3 existing walls and slab for new construction.
- Concept includes 3 townhomes as two‑story units with attached garages.
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 | $58.5k | $25.20 |
| − Vacancy | −$3.2k | −$1.39 |
| EGI | $55.3k | $23.81 |
| − OpEx | −$16.6k | −$7.14 |
| NOI | $38.7k | $16.67 |
2,323 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$553.2K
$484.1K – $645.4K
NOI $38,724 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$498.3K
$436.0K – $581.4K
NOI $34,883 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,274 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Redevelopment concept for a three-unit project using existing walls and slab, with two-story townhomes and attached garages.
Where is this triplex located?
The property is located at 1844 NE 46th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: 1958‑built property presented for developer redevelopment concept.; Proposed plan uses 3 existing walls and slab for new construction.; Concept includes 3 townhomes as two‑story units with attached garages.
