Income-Producing Fourplex with Upside
3705 NW 13 Court, Davie, FL 33312
Well-maintained fourplex with long-term tenants and value-add opportunity.
Type:Multifamily
Property size:
3,692 SFPrice / SF:
$181/SF- Added:
- Jan 30, 2026
- Days on Market:
- 121
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 3705 NW 13 Court
General Information
- Standard status
- Active
- Size
- 3,692 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1953
Listing agent Chaim Solomon License #0693567
Listing office The Keyes Company
Listing date Jan 30, 2026
Source Crexi
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 The Keyes Company
HighLights
- Income‑producing fourplex with strong rental history and no vacancy.
- Fully occupied with long‑term, month‑to‑month tenants.
- Value‑add opportunity with an estimated 30–40% upside through improvements.
- Two separate buildings under one folio number.
- Individually metered for electricity (tenants pay).
- Mix of unit types: 1‑bedroom/1‑bath, 2‑bedroom/2‑bath, and efficiencies.
Overview
This income-producing fourplex consists of two separate buildings under one folio number. The front building includes two 1-bedroom/1-bath units and one efficiency. The rear building features one 2-bedroom/2-bath unit and one efficiency. The property is fully occupied with long-term, month-to-month tenants and has a strong rental history with no vacancy. Water is included in the rent. Units are individually metered for electricity, and tenants pay their own electric. The property has been well maintained but remains in original condition, offering a value-add opportunity with an estimated 30–40% upside through improvements. The property size is 3692 square feet.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.8k | $16.20 |
| − Vacancy | −$1.8k | −$0.48 |
| EGI | $58.1k | $15.72 |
| − OpEx | −$17.4k | −$4.72 |
| NOI | $40.6k | $11.01 |
3,692 SF · lease $16.20/SF/yr · vacancy 2.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$580.5K
$508.0K – $677.3K
NOI $40,636 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$536.3K
$469.3K – $625.7K
NOI $37,543 @ 7.0% cap · market cap 5.61%
Theoretical Best
Warehouse
$700.0K
$612.5K – $816.7K
NOI $48,999 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Davie
- County
- Broward
- State
- Florida
- Longitude
- -80.1332275
- Latitude
- 26.0220142
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Well-maintained fourplex with long-term tenants and value-add opportunity.
Where is this quadplex located?
The property is located at 3705 NW 13 Court Davie, FL.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Income‑producing fourplex with strong rental history and no vacancy.; Fully occupied with long‑term, month‑to‑month tenants.; Value‑add opportunity with an estimated 30–40% upside through improvements.
