Triplex with Separate Electric
7931 SW 10th Street, North Lauderdale, FL 33068
For Sale
$750,000
Tenants pay their own electricity, with each residence separately metered.
Property Size2,760 SF
Price / SF$271.74
Days on Market271
Property Features for 7931 SW 10th Street
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Luxury Real Estate Group LLC
Listed By:
Jody P Hernandez · License FL #3168413
(561) 573-6768
Source:
Debuirerealty
Added: Feb 12
Changed: Nov 8
Last Checked: Nov 8 at 1:52PM
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 Luxury Real Estate Group LLC
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Investment Insights
Based on property information with market context.
This 2,760-square-foot triplex contains three residences and was built in 1972. Each unit has a separate meter, and tenants pay for their own electricity.
Public transportation, shopping centers, restaurants, and schools are described as nearby.
Public transportation, shopping centers, restaurants, and schools are described as nearby.
Key Highlights
- Three‑unit multifamily property
- 2,760 square feet
- Built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,175
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,500
$843.5K
Cap Rate 7%
$602,500
$602.5K
Cap Rate 9%
$468,611
$468.6K
Market Conditions
NOI Build-Up for 2,760 SF
Gross rent
$81.1K $29.40/SF
− Vacancy
−$4.5K −$1.62/SF
EGI
$76.7K $27.78/SF
− OpEx
−$34.5K −$12.50/SF
NOI
$42.2K $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%
$843,500
Cap Rate 7%
$602,500
Cap Rate 9%
$468,611
Alternative Uses
Best Use
Apartment 5plus
$602.5K
$527.2K – $702.9K
NOI $42,175 @ 7.0% cap · market cap 5.62%
Second Best
Multifamily LT 5
$462.9K
$405.0K – $540.1K
NOI $32,403 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,019 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Yes
Utilities to site
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
$288,600
Median Home Value
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Market
Average Price Trend$/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 - Tenants pay their own electricity, with each residence separately metered.
Where is this triplex located?
The property is located at 7931 SW 10th Street North Lauderdale, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three‑unit multifamily property; 2,760 square feet; Built in 1972
