Waterfront
6532 SW 18th Court, North Lauderdale, FL 33068
For Sale
$413,000
Canal frontage, a fenced backyard, and storage complement this residential income property.
Property Size1,332 SF
Price / SF$310.06
Days on Market282
Property Features for 6532 SW 18th Court
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
waterfront
canal
fenced backyard
storage
Building Details
Building Size
Year Built
Listing Agency:
Melin Realty LLC
Listed By:
Dayana Yolinahir Herrera · License #3449643
(786) 991-4195
Source:
Redpinrealty
Added: Jan 30
Changed: Nov 6
Last Checked: Nov 6 at 3:02PM
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 Melin Realty LLC
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.
This 1,332-square-foot waterfront duplex was built in 1974 and has four bedrooms. Improvements include a new roof and A/C, along with partial plumbing and electrical updates; the electrical system is also described as being in good condition. The property includes a fenced backyard and storage, with a canal along the site.
Key Highlights
- Four‑bedroom waterfront duplex
- 1,332 square feet; built in 1974
- New roof and A/C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,204
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,080
$444.1K
Cap Rate 7%
$317,200
$317.2K
Cap Rate 9%
$246,711
$246.7K
Market Conditions
NOI Build-Up for 1,332 SF
Gross rent
$33.6K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$31.7K $23.81/SF
− OpEx
−$9.5K −$7.14/SF
NOI
$22.2K $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%
$444,080
Cap Rate 7%
$317,200
Cap Rate 9%
$246,711
Alternative Uses
Best Use
Multifamily LT 5
$317.2K
$277.6K – $370.1K
NOI $22,204 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$292.6K
$256.1K – $341.4K
NOI $20,485 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$675.8K
$591.3K – $788.4K
NOI $47,305 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 33068, FL
53,137
Population
19,760
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
83%
High-School Grad
6.4 sq mi
ZIP Area
8,303
Density / Sq Mi
$63,688
Median Household Income
$33,524
Median Earnings
$1,893
Median Rent
$288,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Broward County, FL
Properties on Market for Duplexes in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Canal frontage, a fenced backyard, and storage complement this residential income property.
Where is this duplex located?
The property is located at 6532 SW 18th Court North Lauderdale, FL.
What is the asking price?
The asking price for this property is $413,000.
What are key features of this property?
This property features: Four‑bedroom waterfront duplex; 1,332 square feet; built in 1974; New roof and A/C
