Triplex With Separately Metered
7961 SW 10th Court, North Lauderdale, FL 33068
For Sale
$750,000
Three-unit residential property offers individually metered electricity, with each tenant responsible for their own electric service.
Property Size2,736 SF
Price / SF$274.12
Days on Market271
Property Features for 7961 SW 10th Court
General Information
Standard status
Size
Property subtype
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Public Transit
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:
Dietzelber
Added: Feb 12
Changed: Nov 7
Last Checked: Nov 8 at 7:39PM
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 2,736-square-foot triplex contains three residential units and was built in 1973. Each unit has a separate electric meter, and tenants pay their own electricity. The property is described as well maintained and includes upgrades, though no specific improvements are identified.
The property is at 7961 SW 10th Court in North Lauderdale, Florida. Nearby context identified in the listing includes public transportation, shopping centers, restaurants, and schools.
The property is at 7961 SW 10th Court in North Lauderdale, Florida. Nearby context identified in the listing includes public transportation, shopping centers, restaurants, and schools.
Key Highlights
- Three‑unit multifamily property
- 2,736 square feet
- Built in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,808
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,160
$836.2K
Cap Rate 7%
$597,257
$597.3K
Cap Rate 9%
$464,533
$464.5K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$80.4K $29.40/SF
− Vacancy
−$4.4K −$1.62/SF
EGI
$76.0K $27.78/SF
− OpEx
−$34.2K −$12.50/SF
NOI
$41.8K $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%
$836,160
Cap Rate 7%
$597,257
Cap Rate 9%
$464,533
Alternative Uses
Best Use
Apartment 5plus
$597.3K
$522.6K – $696.8K
NOI $41,808 @ 7.0% cap · market cap 5.57%
Second Best
Multifamily LT 5
$458.9K
$401.5K – $535.4K
NOI $32,122 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,166 @ 7.0% cap · market cap 12.96%
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-unit residential property offers individually metered electricity, with each tenant responsible for their own electric service.
Where is this triplex located?
The property is located at 7961 SW 10th Court 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; 2,736 square feet; Built in 1973
