Triplex with Updated
7860 SW 10th Court, North Lauderdale, FL 33068
For Sale
$650,000
Three residential units have long-term tenants in place, and two bathrooms have been renovated.
Property Size2,880 SF
Price / SF$225.69
Days on Market19
Property Features for 7860 SW 10th Court
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Listing Agency:
The Bloemhof Group LLC
(954) 997-7021
Listed By:
Roxana Michelle Lezama · License FL #3387946
(305) 923-7494
Source:
Lehmannflorida
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 8 at 6:39AM
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 The Bloemhof Group LLC
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Investment Insights
Based on property information with market context.
Built in 1972, this 2,880-square-foot triplex is occupied by long-term tenants. Two bathrooms have been renovated, and the roof and A/C units were replaced approximately two years ago.
Key Highlights
- Three‑unit property totaling 2,880 square feet
- Long‑term tenants currently occupy the property
- Roof replaced approximately 2 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,008
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,160
$880.2K
Cap Rate 7%
$628,686
$628.7K
Cap Rate 9%
$488,978
$489.0K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$84.7K $29.40/SF
− Vacancy
−$4.7K −$1.62/SF
EGI
$80.0K $27.78/SF
− OpEx
−$36.0K −$12.50/SF
NOI
$44.0K $15.28/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,160
Cap Rate 7%
$628,686
Cap Rate 9%
$488,978
Alternative Uses
Best Use
Apartment 5plus
$628.7K
$550.1K – $733.5K
NOI $44,008 @ 7.0% cap · market cap 6.77%
Second Best
Multifamily LT 5
$483.0K
$422.7K – $563.5K
NOI $33,812 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,280 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
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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
$288,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Broward County, FL
Properties on Market for Triplexes in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units have long-term tenants in place, and two bathrooms have been renovated.
Where is this triplex located?
The property is located at 7860 SW 10th Court North Lauderdale, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three‑unit property totaling 2,880 square feet; Long‑term tenants currently occupy the property; Roof replaced approximately 2 years ago
