Renovated Two-Unit
For Sale
Contact for pricing
721 NW 19th Terrace # 2 #1-2, Fort Lauderdale, FL 33311
Both residences offer two bedrooms and one bathroom.
Property Size1,273 SF
Price / SF$459.54
Days on Market59
Property Features for 721 NW 19th Terrace # 2 #1-2
General Information
Standard status
Active
Size
1,273 SF
Property subtype
Multifamily
Zoning
RM-15
Site & Location
Neighborhood
Cpca
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1970
Units
2
Listing Agency:
Saltwater Realty
Listed By:
Alyse Lemstrom · License #3442730
(239) 850-2735
Source:
Crexi
Added: Aug 26
Changed: Oct 5
Last Checked: Oct 23 at 4:46AM
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 Saltwater Realty
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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 renovated duplex contains two separate residences, each with a two-bedroom, one-bathroom layout. The property measures 1,273 square feet and was built in 1970. Separate electric meters serve the units, while water is measured through one shared meter.
Located at 721 NW 19th Terrace in Fort Lauderdale, the property carries RM-15 zoning. The unit configuration and utility-meter setup provide a clearly defined physical profile for review by prospective purchasers.
Located at 721 NW 19th Terrace in Fort Lauderdale, the property carries RM-15 zoning. The unit configuration and utility-meter setup provide a clearly defined physical profile for review by prospective purchasers.
Key Highlights
- Two residences, each with two bedrooms and one bathroom
- 1,273 square feet of property size
- Separate electric meters for the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,221
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,420
$424.4K
Cap Rate 7%
$303,157
$303.2K
Cap Rate 9%
$235,789
$235.8K
Market Conditions
NOI Build-Up for 1,273 SF
Gross rent
$32.1K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$30.3K $23.81/SF
− OpEx
−$9.1K −$7.14/SF
NOI
$21.2K $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%
$424,420
Cap Rate 7%
$303,157
Cap Rate 9%
$235,789
Alternative Uses
Best Use
Multifamily LT 5
$303.2K
$265.3K – $353.7K
NOI $21,221 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$273.1K
$239.0K – $318.6K
NOI $19,116 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$855.5K
$748.5K – $998.0K
NOI $59,882 @ 7.0% cap · market cap 10.24%
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
1,925
Businesses Nearby
Explore this area
Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms and one bathroom.
Where is this duplex located?
The property is located at 721 NW 19th Terrace # 2 #1-2 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two residences, each with two bedrooms and one bathroom; 1,273 square feet of property size; Separate electric meters for the units
