Remodeled 2-Unit
For Sale
$999,000
2000 NE 17TH Court # 2 Unit 1-2, Fort Lauderdale, FL 33305
Each residence offers private outdoor space, laundry facilities, and substantial storage.
Property Size2,120 SF
Days on Market55
Property Features for 2000 NE 17TH Court # 2 Unit 1-2
General Information
Standard status
Active
Size
2,120 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Parking per Unit
3
Taxes and HOA fees
Annual Taxes
$12,708
Amenities
laundry rooms
private back deck
large side yard
Building Details
Building Size
2,120 SF
Year Built
1953
Listing Agency:
Earthrise Realty Inc
Listed By:
Pamela L Mereider · License #194302
(954) 202-5800
Source:
Relinkre
Added: Aug 21
Changed: Oct 13
Last Checked: Oct 12 at 11:39PM
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 Earthrise Realty Inc
Investment Insights
Based on property information with market context.
This duplex contains two residences, each with 2 bedrooms and 2 bathrooms. The property was remodeled from floor to ceiling, with updated interiors designed to function as two separate homes behind a privacy wall. Both units include dedicated laundry rooms, ample storage, a private rear deck, and a large side yard. Each side also has three parking spaces.
Built in 1953, the property is located at 2000 NE 17th Court in Fort Lauderdale. Shopping and restaurants are within steps of the property, while the beach is described as down the street.
Built in 1953, the property is located at 2000 NE 17th Court in Fort Lauderdale. Shopping and restaurants are within steps of the property, while the beach is described as down the street.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 2 bathrooms per side
- Remodeled from floor to ceiling with new interiors throughout
- 3 parking spaces per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,340
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,800
$706.8K
Cap Rate 7%
$504,857
$504.9K
Cap Rate 9%
$392,667
$392.7K
Market Conditions
NOI Build-Up for 2,120 SF
Gross rent
$53.4K $25.20/SF
− Vacancy
−$2.9K −$1.39/SF
EGI
$50.5K $23.81/SF
− OpEx
−$15.1K −$7.14/SF
NOI
$35.3K $16.67/SF
Area
Fort Lauderdale, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,800
Cap Rate 7%
$504,857
Cap Rate 9%
$392,667
Alternative Uses
Best Use
Multifamily LT 5
$504.9K
$441.8K – $589.0K
NOI $35,340 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$454.8K
$397.9K – $530.6K
NOI $31,835 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,725 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,087
Businesses Nearby
Explore this area
Business Placement
Demographics for 33305, FL
12,044
Population
8,285
Households
1.5
Avg Household Size
52
Median Age
54%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
5,475
Density / Sq Mi
$89,944
Median Household Income
$60,924
Median Earnings
$1,850
Median Rent
$558,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers private outdoor space, laundry facilities, and substantial storage.
Where is this duplex located?
The property is located at 2000 NE 17TH Court # 2 Unit 1-2 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 2 bathrooms per side; Remodeled from floor to ceiling with new interiors throughout; 3 parking spaces per unit
