Renovated
For Sale
$529,000
5401 - 5405 - 5405 17th Court, Lauderhill, FL 33313
One residence is leased, while its companion unit has updated interior finishes and is ready for a new tenant.
Property Size1,880 SF
Price / SF$281.38
Days on Market15
Property Features for 5401 - 5405 - 5405 17th Court
General Information
Standard status
Active
Size
1,880 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1969
Listing Agency:
Beam Management Group LLC
Listed By:
Robert Olinick · License #3564945
(954) 873-5768
Source:
Lehmannflorida
Added: Oct 6
Changed: Oct 19
Last Checked: Oct 19 at 2:23PM
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 Beam Management Group LLC
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Investment Insights
Based on property information with market context.
This 1,880-square-foot duplex was built in 1969 and combines an occupied unit with a recently renovated residence. The renovated unit has new kitchen cabinets, quartz countertops, stainless steel appliances, an updated bathroom, fresh paint, new baseboards, and updated flooring throughout.
The other unit is currently rented for $2,350 per month, providing in-place rental income. The renovated residence is ready for a new tenant. The property is located in Lauderhill, Florida.
The other unit is currently rented for $2,350 per month, providing in-place rental income. The renovated residence is ready for a new tenant. The property is located in Lauderhill, Florida.
Key Highlights
- 1,880‑square‑foot duplex built in 1969
- One unit is rented for $2,350 per month
- Second unit updated with quartz countertops, stainless steel appliances, and new kitchen cabinets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,339
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,780
$626.8K
Cap Rate 7%
$447,700
$447.7K
Cap Rate 9%
$348,211
$348.2K
Market Conditions
NOI Build-Up for 1,880 SF
Gross rent
$47.4K $25.20/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$44.8K $23.81/SF
− OpEx
−$13.4K −$7.14/SF
NOI
$31.3K $16.67/SF
Area
Broward County, 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%
$626,780
Cap Rate 7%
$447,700
Cap Rate 9%
$348,211
Alternative Uses
Best Use
Multifamily LT 5
$447.7K
$391.7K – $522.3K
NOI $31,339 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$413.0K
$361.4K – $481.9K
NOI $28,913 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$953.8K
$834.6K – $1.11M
NOI $66,766 @ 7.0% cap · market cap 12.62%
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
567
Businesses Nearby
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Business Placement
Demographics for 33313, FL
63,284
Population
25,312
Households
2.5
Avg Household Size
36
Median Age
15%
College-Educated
85%
High-School Grad
6.3 sq mi
ZIP Area
10,045
Density / Sq Mi
$45,408
Median Household Income
$30,872
Median Earnings
$1,608
Median Rent
$236,300
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 - One residence is leased, while its companion unit has updated interior finishes and is ready for a new tenant.
Where is this duplex located?
The property is located at 5401 - 5405 - 5405 17th Court Lauderhill, FL.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: 1,880‑square‑foot duplex built in 1969; One unit is rented for $2,350 per month; Second unit updated with quartz countertops, stainless steel appliances, and new kitchen cabinets
