Turnkey Income-Producing
For Sale
$499,000
630 Northeast 15th Court, Fort Lauderdale, FL 33304
Fully leased duplex with updated units and private yards.
Property Size1,306 SF
Price / SF$382.08
Days on Market238
Property Features for 630 Northeast 15th Court
General Information
Standard status
Active
Size
1,306 SF
Property subtype
Residential Income / Duplex
Taxes and HOA fees
Annual Taxes
$9,467
Building Details
Year Built
1979
Listing Agency:
United Realty Group Inc
Listed By:
Jeffrey Mathurin · License #3262270
(954) 450-2000
Source:
Compass
Added: Feb 13
Changed: Oct 8
Last Checked: Oct 7 at 3:45PM
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 United Realty Group Inc
Investment Insights
Based on property information with market context.
This is a turnkey income-producing duplex featuring two 1-bedroom, 1-bathroom units. Each unit is currently rented at $1,750 per month. The property includes updated kitchens and bathrooms in both units. Each unit also has an in-unit washer and dryer, private yard space, and two dedicated parking spaces. The property is fully leased and well maintained. The property size is 1306 square feet.
Key Highlights
- Turnkey and income‑producing duplex.
- Fully leased, generating $1,750 per month per unit.
- Updated kitchens and bathrooms in each unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,771
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,420
$435.4K
Cap Rate 7%
$311,014
$311.0K
Cap Rate 9%
$241,900
$241.9K
Market Conditions
NOI Build-Up for 1,306 SF
Gross rent
$32.9K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$31.1K $23.81/SF
− OpEx
−$9.3K −$7.14/SF
NOI
$21.8K $16.67/SF
Area
Fort Lauderdale, 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%
$435,420
Cap Rate 7%
$311,014
Cap Rate 9%
$241,900
Alternative Uses
Best Use
Multifamily LT 5
$311.0K
$272.1K – $362.9K
NOI $21,771 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$280.2K
$245.1K – $326.9K
NOI $19,611 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$877.6K
$767.9K – $1.02M
NOI $61,434 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,606
Businesses Nearby
Explore this area
Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex with updated units and private yards.
Where is this duplex located?
The property is located at 630 Northeast 15th Court Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Turnkey and income‑producing duplex.; Fully leased, generating $1,750 per month per unit.; Updated kitchens and bathrooms in each unit.
