4-Unit Quadplex with Screened
For Sale
$1,285,000
2645 NE 32nd St, Fort Lauderdale, FL 33306
The unit mix combines two apartments and two studios, with garage parking and two carports.
Property Size3,299 SF
Price / SF$389.51
Days on Market11
Property Features for 2645 NE 32nd St
General Information
Standard status
Active
Size
3,299 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
RD-15
Units
Unit Mix
2 x large Apt, 2 x Studio
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$20,464
Amenities
vaulted ceilings
screened patios
circular driveway
Central Air, Ceiling Fan(s)
Central
Barbecue, Lighting, Other
Building Details
Building Size
3,299 SF
Year Built
1968
Stories
1
Listing Agency:
Julie's Realty, LLC
Listed By:
Aryeh Benari · License #3357335
(954) 292-5610
Source:
Evrealestate
Added: Oct 12
Changed: Oct 21
Last Checked: Oct 20 at 8:56PM
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 Julie's Realty, LLC
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Investment Insights
Based on property information with market context.
In Fort Lauderdale’s Coral Ridge area, this four-unit property comprises two apartments and two studios. Interior features include vaulted ceilings and storage space. The property also has garage parking, two carports, a circular driveway, and two screened patios.
The beach is a 15–20 minute walk away. Built in 1968, the property has a large lot.
The beach is a 15–20 minute walk away. Built in 1968, the property has a large lot.
Key Highlights
- Four units: two apartments and two studios
- Two screened patios and vaulted ceilings
- Garage parking, two carports, and a circular driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,994
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,880
$1.1M
Cap Rate 7%
$785,629
$785.6K
Cap Rate 9%
$611,044
$611.0K
Market Conditions
NOI Build-Up for 3,299 SF
Gross rent
$83.1K $25.20/SF
− Vacancy
−$4.6K −$1.39/SF
EGI
$78.6K $23.81/SF
− OpEx
−$23.6K −$7.14/SF
NOI
$55.0K $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%
$1,099,880
Cap Rate 7%
$785,629
Cap Rate 9%
$611,044
Alternative Uses
Best Use
Multifamily LT 5
$785.6K
$687.4K – $916.6K
NOI $54,994 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$707.7K
$619.2K – $825.7K
NOI $49,539 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,185 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,268
Businesses Nearby
Explore this area
Business Placement
Demographics for 33306, FL
3,526
Population
2,109
Households
1.7
Avg Household Size
53
Median Age
44%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
3,918
Density / Sq Mi
$82,375
Median Household Income
$77,118
Median Earnings
$1,369
Median Rent
$469,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The unit mix combines two apartments and two studios, with garage parking and two carports.
Where is this quadplex located?
The property is located at 2645 NE 32nd St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: Four units: two apartments and two studios; Two screened patios and vaulted ceilings; Garage parking, two carports, and a circular driveway
