Four-Unit Concrete Block
5832 NW 23rd St, Lauderhill, FL 33313
For Sale
$900,000
All four apartments share a two-bedroom, one-bathroom floor plan.
Property Size3,233 SF
Days on Market17
Property Features for 5832 NW 23rd St
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Pines Real Estate & Investment
Listed By:
Louis Sparks · License #0668904
(786) 487-5600
Source:
Relinkre
Added: Oct 22
Changed: Nov 6
Last Checked: Nov 6 at 2:38PM
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 Pines Real Estate & Investment
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1973, this four-unit property is constructed of concrete block. Each apartment has two bedrooms, one bathroom, and tiled flooring throughout. A separate utility room is also on site.
The property is in Lauderhill, with access to the Florida Turnpike, other major highways, and public transportation. Shopping, dining, schools, and parks are among the nearby amenities.
The property is in Lauderhill, with access to the Florida Turnpike, other major highways, and public transportation. Shopping, dining, schools, and parks are among the nearby amenities.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- Concrete block construction
- Built in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,893
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,860
$1.1M
Cap Rate 7%
$769,900
$769.9K
Cap Rate 9%
$598,811
$598.8K
Market Conditions
NOI Build-Up for 3,233 SF
Gross rent
$81.5K $25.20/SF
− Vacancy
−$4.5K −$1.39/SF
EGI
$77.0K $23.81/SF
− OpEx
−$23.1K −$7.14/SF
NOI
$53.9K $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%
$1,077,860
Cap Rate 7%
$769,900
Cap Rate 9%
$598,811
Alternative Uses
Best Use
Multifamily LT 5
$769.9K
$673.7K – $898.2K
NOI $53,893 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$710.3K
$621.5K – $828.7K
NOI $49,721 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$1.64M
$1.44M – $1.91M
NOI $114,817 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
718
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
$236,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Broward County, FL
Properties on Market for Quadplexes in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four apartments share a two-bedroom, one-bathroom floor plan.
Where is this quadplex located?
The property is located at 5832 NW 23rd St Lauderhill, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; Concrete block construction; Built in 1973
