3-Unit Renovated
For Sale
$875,000
2300 SW 18th Ter, Fort Lauderdale, FL 33315
Renovated three-unit property with impact windows throughout and RD-15 zoning.
Property Size2,583 SF
Days on Market8
Property Features for 2300 SW 18th Ter
General Information
Standard status
Active
Size
2,583 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$14,056
Building Details
Building Size
2,583 SF
Year Built
1976
Listing Agency:
Miami Waterfront Realty
Listed By:
Samantha Caccamise · License #3509421
(786) 527-1213
Source:
Relinkre
Added: Oct 1
Changed: Oct 5
Last Checked: Oct 7 at 6:46PM
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 Miami Waterfront Realty
Investment Insights
Based on property information with market context.
This Fort Lauderdale triplex contains 2,583 square feet and is arranged as three units. Built in 1976, the property has been renovated and features impact windows throughout. RD-15 zoning is reported for the site.
The property is at 2300 SW 18th Terrace, with I-95, Fort Lauderdale-Hollywood International Airport, downtown Fort Lauderdale and the beach described as minutes away. The three units are currently rented.
The property is at 2300 SW 18th Terrace, with I-95, Fort Lauderdale-Hollywood International Airport, downtown Fort Lauderdale and the beach described as minutes away. The three units are currently rented.
Key Highlights
- Configured and rented as 3 units
- 2,583 square feet; built in 1976
- Renovated, with impact windows throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,058
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,160
$861.2K
Cap Rate 7%
$615,114
$615.1K
Cap Rate 9%
$478,422
$478.4K
Market Conditions
NOI Build-Up for 2,583 SF
Gross rent
$65.1K $25.20/SF
− Vacancy
−$3.6K −$1.39/SF
EGI
$61.5K $23.81/SF
− OpEx
−$18.5K −$7.14/SF
NOI
$43.1K $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%
$861,160
Cap Rate 7%
$615,114
Cap Rate 9%
$478,422
Alternative Uses
Best Use
Multifamily LT 5
$615.1K
$538.2K – $717.6K
NOI $43,058 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$554.1K
$484.8K – $646.5K
NOI $38,787 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,504 @ 7.0% cap · market cap 13.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
963
Businesses Nearby
Explore this area
Business Placement
Demographics for 33315, FL
13,555
Population
6,991
Households
1.9
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
5.3 sq mi
ZIP Area
2,558
Density / Sq Mi
$90,760
Median Household Income
$43,815
Median Earnings
$1,789
Median Rent
$492,400
Median Home Value
Check the figures for this property
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?
Triplex - Renovated three-unit property with impact windows throughout and RD-15 zoning.
Where is this triplex located?
The property is located at 2300 SW 18th Ter Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Configured and rented as 3 units; 2,583 square feet; built in 1976; Renovated, with impact windows throughout
