Duplex With Private
New
For Sale
$825,000
2051 NE 68th Street, Fort Lauderdale, FL 33308
Three living sections and two kitchens offer flexibility for separate residences or a single home.
Property Size1,828 SF
Price / SF$451.31
Days on Market4
Property Features for 2051 NE 68th Street
General Information
Standard status
Active
Size
1,828 SF
Property subtype
Duplex
Site & Location
Neighborhood
Imia
Units
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Currently Operating
Yes
Amenities
pool
on-site laundry
private backyard
Building Details
Year Built
1970
Construction
CBS
Listing Agency:
Coldwell Banker Realty
(954) 527-5900
Listed By:
Danny Shears · License #3401149
(954) 793-6946
Source:
Lehmannflorida
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 25 at 2:37AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 1,828-square-foot duplex was built in 1970 and contains three living sections and two full kitchens. The layout can be arranged as a 3/2 with a large studio, a 2/2 plus a 1/1, two separate residences, or one larger home. Property features include CBS construction, a concrete roof, full impact protection, terrazzo flooring, separate meters, and on-site laundry. A private backyard and pool complete the outdoor space.
The property sits on a corner lot at 2051 NE 68th Street in Fort Lauderdale. The beach, Lauderdale-by-the-Sea, and Pompano dining are described as minutes away. There is no HOA.
The property sits on a corner lot at 2051 NE 68th Street in Fort Lauderdale. The beach, Lauderdale-by-the-Sea, and Pompano dining are described as minutes away. There is no HOA.
Key Highlights
- Three living sections and two full kitchens
- 1,828 square feet; built in 1970
- Private pool and backyard on a corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,472
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,440
$609.4K
Cap Rate 7%
$435,314
$435.3K
Cap Rate 9%
$338,578
$338.6K
Market Conditions
NOI Build-Up for 1,828 SF
Gross rent
$46.1K $25.20/SF
− Vacancy
−$2.5K −$1.39/SF
EGI
$43.5K $23.81/SF
− OpEx
−$13.1K −$7.14/SF
NOI
$30.5K $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%
$609,440
Cap Rate 7%
$435,314
Cap Rate 9%
$338,578
Alternative Uses
Best Use
Multifamily LT 5
$435.3K
$380.9K – $507.9K
NOI $30,472 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$392.1K
$343.1K – $457.5K
NOI $27,450 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,989 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,320
Businesses Nearby
Explore this area
Business Placement
Demographics for 33308, FL
29,519
Population
23,230
Households
1.3
Avg Household Size
57
Median Age
56%
College-Educated
96%
High-School Grad
4.6 sq mi
ZIP Area
6,417
Density / Sq Mi
$83,413
Median Household Income
$58,600
Median Earnings
$1,850
Median Rent
$536,900
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
Frequently Asked Questions
What type of property is this?
Duplex - Three living sections and two kitchens offer flexibility for separate residences or a single home.
Where is this duplex located?
The property is located at 2051 NE 68th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Three living sections and two full kitchens; 1,828 square feet; built in 1970; Private pool and backyard on a corner lot
