Duplex with Updated Exterior
7659 NW 74th Avenue, Tamarac, FL 33321
For Sale
$614,500
Both residences include family rooms, laundry rooms, and tiled flooring throughout.
Property Size2,407 SF
Price / SF$255.30
Days on Market12
Property Features for 7659 NW 74th Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
family room
laundry room
Building Details
Building Size
Year Built
Listing Agency:
Allstar Realty Inc
Listed By:
David M Morris · License #477755
(954) 980-0704
Source:
Pamandtoni
Added: Oct 28
Changed: Nov 6
Last Checked: Nov 6 at 3:32PM
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 Allstar Realty Inc
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Investment Insights
Based on property information with market context.
This 1973 duplex contains two residences, each with two bedrooms, two bathrooms, a family room, and a laundry room. Tiled flooring extends throughout both units. The property measures 2,407 square feet, with a roof installed in 2019 and impact windows added in 2020.
The property is just off University Drive, with access to I-595, I-75, and the Turnpike.
The property is just off University Drive, with access to I-595, I-75, and the Turnpike.
Key Highlights
- Two units, each with 2 bedrooms and 2 bathrooms
- 2,407 square feet; built in 1973
- Family room and laundry room in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,124
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,480
$802.5K
Cap Rate 7%
$573,200
$573.2K
Cap Rate 9%
$445,822
$445.8K
Market Conditions
NOI Build-Up for 2,407 SF
Gross rent
$60.7K $25.20/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$57.3K $23.81/SF
− OpEx
−$17.2K −$7.14/SF
NOI
$40.1K $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%
$802,480
Cap Rate 7%
$573,200
Cap Rate 9%
$445,822
Alternative Uses
Best Use
Multifamily LT 5
$573.2K
$501.6K – $668.7K
NOI $40,124 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$528.8K
$462.7K – $617.0K
NOI $37,018 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,482 @ 7.0% cap · market cap 13.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Explore this area
Business Placement
Demographics for 33321, FL
51,011
Population
24,009
Households
2.1
Avg Household Size
48
Median Age
28%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
6,221
Density / Sq Mi
$60,013
Median Household Income
$38,742
Median Earnings
$1,846
Median Rent
$259,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Both residences include family rooms, laundry rooms, and tiled flooring throughout.
Where is this duplex located?
The property is located at 7659 NW 74th Avenue Tamarac, FL.
What is the asking price?
The asking price for this property is $614,500.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 2 bathrooms; 2,407 square feet; built in 1973; Family room and laundry room in each unit
