Duplex with Separate Water
New
For Sale
$549,999
5610 NW 14TH Court #5610, Lauderhill, FL 33313
RM-8-zoned residential property with two leased units and recent updates to the roof, exterior, driveway, and air conditioning.
Property Size1,851 SF
Price / SF$297.14
Days on Market5
Property Features for 5610 NW 14TH Court #5610
General Information
Standard status
Active
Size
1,851 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1967
Listing Agency:
Prag Realtors
(954) 580-0447
Listed By:
Dieudonne Louis Jeune · License #688882
(954) 445-6742
Source:
Lehmannflorida
Added: Oct 18
Changed: Oct 21
Last Checked: Oct 20 at 8:54PM
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 Prag Realtors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 1,851 square feet and was built in 1967. The two units have separate water meters. The shingle roof is 3 years old, the exterior has new paint, and the driveway was replaced 1 year ago. Air conditioning systems in both units were installed 4 years ago.
Unit 5610 is leased for $2,000.00 through June 14, 2027, and unit 5614 is leased for $1,800.00 through September 30, 2027. The property is zoned RM-8.
Unit 5610 is leased for $2,000.00 through June 14, 2027, and unit 5614 is leased for $1,800.00 through September 30, 2027. The property is zoned RM-8.
Key Highlights
- Duplex with RM‑8 zoning
- 1,851‑square‑foot property built in 1967
- Separate water meters for the two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,856
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$617,120
$617.1K
Cap Rate 7%
$440,800
$440.8K
Cap Rate 9%
$342,844
$342.8K
Market Conditions
NOI Build-Up for 1,851 SF
Gross rent
$46.6K $25.20/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$44.1K $23.81/SF
− OpEx
−$13.2K −$7.14/SF
NOI
$30.9K $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%
$617,120
Cap Rate 7%
$440,800
Cap Rate 9%
$342,844
Alternative Uses
Best Use
Multifamily LT 5
$440.8K
$385.7K – $514.3K
NOI $30,856 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$406.7K
$355.8K – $474.5K
NOI $28,467 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$939.1K
$821.7K – $1.10M
NOI $65,736 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - RM-8-zoned residential property with two leased units and recent updates to the roof, exterior, driveway, and air conditioning.
Where is this duplex located?
The property is located at 5610 NW 14TH Court #5610 Lauderhill, FL.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: Duplex with RM‑8 zoning; 1,851‑square‑foot property built in 1967; Separate water meters for the two units
