Renovated
For Sale
$585,000
721 NW 19th Terrace 1-2, Fort Lauderdale, FL 33311
Two-bedroom, one-bath units feature separate electric meters and one shared water meter.
Property Size1,273 SF
Days on Market57
Property Features for 721 NW 19th Terrace 1-2
General Information
Standard status
Active
Size
1,273 SF
Property subtype
Duplex
Site & Location
Neighborhood
Dhoa
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,742
Building Details
Building Size
1,273 SF
Year Built
1970
Listing Agency:
Saltwater Realty
Listed By:
Alyse Lemstrom · License #3442730
(239) 850-2735
Source:
Tylertuchow
Added: Aug 28
Changed: Oct 11
Last Checked: Oct 23 at 2:20PM
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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Investment Insights
Based on property information with market context.
This duplex was fully renovated and includes two residential units, each configured with two bedrooms and one bathroom. The property has separate electric meters for the units, while water service is measured through one meter. Built in 1970, it is located at 721 NW 19th Terrace in Fort Lauderdale, Florida. Tenant privacy requirements apply: showings are available only with accepted offers, and tenants should not be disturbed.
Key Highlights
- Fully renovated duplex at 721 NW 19th Terrace, Fort Lauderdale, FL 33311
- Two units, each with 2 bedrooms and 1 bathroom
- Separate electric meters for each unit
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom, one-bath units feature separate electric meters and one shared water meter.
Where is this duplex located?
The property is located at 721 NW 19th Terrace 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: Fully renovated duplex at 721 NW 19th Terrace, Fort Lauderdale, FL 33311; Two units, each with 2 bedrooms and 1 bathroom; Separate electric meters for each unit
