Renovated Condo Income
For Sale
$350,000
3020 NE 32nd Avenue, Fort Lauderdale, FL 33308
Third-floor condominium with water views and four covered-garage parking spaces.
Property Size918 SF
Price / SF$381.26
Days on Market77
Property Features for 3020 NE 32nd Avenue
General Information
Standard status
Active
Size
918 SF
Total Parking Spaces
4
Property subtype
Office
Additional Details
HOA Fee
$1,067
Multifamily Units
1
Building Details
Year Built
2002
Listing Agency:
Native Realty Co.
(954) 595-2999
Listed By:
Adam S Docktor · License #3261593
(954) 610-0440
Source:
Lehmannflorida
Added: Aug 5
Changed: Oct 19
Last Checked: Oct 19 at 10:34AM
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 Native Realty Co.
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Investment Insights
Based on property information with market context.
This residential income property is a renovated condominium unit on the third floor of Tides at Bridgeside Square, a building completed in 2002. The unit has an Intracoastal view and includes four parking spaces in the covered garage.
The property is located at 3020 NE 32nd Ave in Fort Lauderdale, across from Shooters and one block from the ocean. Transit, walking, and biking scores are 29, 44, and 42, respectively.
The property is located at 3020 NE 32nd Ave in Fort Lauderdale, across from Shooters and one block from the ocean. Transit, walking, and biking scores are 29, 44, and 42, respectively.
Key Highlights
- Renovated third‑floor condominium unit at Tides at Bridgeside Square
- Intracoastal view
- 4 parking spaces in the covered garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,785
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,700
$275.7K
Cap Rate 7%
$196,929
$196.9K
Cap Rate 9%
$153,167
$153.2K
Market Conditions
NOI Build-Up for 918 SF
Gross rent
$26.4K $28.80/SF
− Vacancy
−$1.4K −$1.50/SF
EGI
$25.1K $27.30/SF
− OpEx
−$11.3K −$12.29/SF
NOI
$13.8K $15.02/SF
Area
Fort Lauderdale, FL
Vacancy
5.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,700
Cap Rate 7%
$196,929
Cap Rate 9%
$153,167
Alternative Uses
Best Use
Apartment 5plus
$196.9K
$172.3K – $229.8K
NOI $13,785 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$616.9K
$539.8K – $719.7K
NOI $43,183 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,381
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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Frequently Asked Questions
What type of property is this?
Residential income property - Third-floor condominium with water views and four covered-garage parking spaces.
Where is this residential income property located?
The property is located at 3020 NE 32nd Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Renovated third‑floor condominium unit at Tides at Bridgeside Square; Intracoastal view; 4 parking spaces in the covered garage
