Interior
- Bathrooms
- 0
- Living area
- 2,250 sq ft
- Flooring
- Tile
- Cooling
- Wall Window Units
- Heating
- Wall Furnace
Active · Triplex
$639,000
5311 NW 16th St, Lauderhill, FL 33313
- Beds
- —
- Baths
- 0
- Living area
- 2,250 sq ft
- $ / sq ft
- $284/sq ft
- Year built
- 1969
- Lot size
- —
- HOA fee
- —
- Annual tax
- $13,803
About this property
Excellent investment opportunity! This income-producing property features three separate units: two spacious 2-bedroom, 1-bathroom apartments and one 1-bedroom, 1-bathroom unit. The current gross yearly rental income is $65,484. All units were fully remodeled, bathrooms, kitchens, floors, central A/C and much more in 2022. Each unit includes two dedicated parking spaces, and washer/dryer hookups are conveniently located at the rear of the building. This property is an ideal addition for investors looking to grow their real estate portfolio and increase long-term returns.
Property location
Get Directions5311 NW 16th St, Lauderhill, FL 33313
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Facts & features
Exterior & Structure
- Property type
- Triplex
- Year built
- 1969
- Roof
- Shingle
- Construction
- Block
- Pool
- None
Parking
- Covered spaces
- 0
HOA, Community & Financials
- Annual tax
- $13,803
- Subdivision
- SUNSHINE VILLAS
- County
- Broward
- Days on market
- 108
- MLS listing ID
- A12053115
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
$674
- Cap rate
- 7.0%
- Net yield
- 7.0%
- Cash-on-cash return
- 4.5%
- Gross yield
- 10.9%
- Mortgage payment
- $3,029/mo
- Down payment
- $159,750
- Loan amount
- $479,250
- Annual NOI
- $44,440
Estimates only — includes 5 % maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.