WorkspaceDiscoverMultifamily · Fort Lauderdale · Broward County
1109 NE 16th Ter, Fort Lauderdale
Furnished fourplex with a pool, in-unit laundry and reported impact windows. Evaluate actual booking collections and operating costs before relying on the advertised rental strategy.
Recorded status: Broker page reported active; recheck availability. Checked: .
Dated listing record · recheck availability and legal unit count.
- Asking price
- $1,355,000
Monthly rent · Scenario: Not reported
Assumptions behind these estimates
Starting values for this brief. Change any of them in the interactive brief; your changes stay in your browser. Default values
| Input | Value | Basis |
|---|---|---|
| Total scheduled rent per month | Not set | Needs your estimate |
| Vacancy (%) | 5% | Matches planning allowance |
| Management (% of collected rent) | 8% | Matches planning allowance |
| Maintenance (% of total rent) | 5% | Matches planning allowance |
| Buyer annual tax assumption (% of price) | 2% | Matches planning allowance |
| Annual insurance | $11,280 | Matches planning allowance |
| Annual owner-paid utilities | $4,800 | Matches planning allowance |
| Monthly HOA or condo fees | $100 | Matches planning allowance |
| Other annual operating expenses | $2,400 | Matches planning allowance |
| Capital reserves (% of total rent) | 3% | Matches planning allowance |
| Down payment (%) | 100% | Matches planning allowance |
| Mortgage rate (%) | 7% | Matches planning allowance |
Unit mix & possession
Four furnished units; seller markets short-term rental use and high occupancy without an operating statement.
- Reported units
- 4
- Reported listing area
- 2,276 sq ft
- Asking / reported sq ft
- $595
- Historical property tax / year
- $21,429
Historical tax is the seller’s bill; buyer taxes can change.
Broker info & key considerations To confirm
- Short-term rental permission, licenses, occupancy and revenue have not been verified.
- Price pool service, furnishing replacement, management, utilities and wind/flood coverage separately.
- Listing availability, legal units, lease collections and operating costs require independent confirmation.
Source evidence and diligence
Financial figures observed Sep 25, 2026. Reported income is not audited collections. Editable estimates, financing and saved assumptions are separate from these source facts.
Gross rental yield basis
Needs supported whole-property rent or your rent assumption and a positive asking price. Unknown rent is not zero.
Sources
- Compass · LoKation · MLS A12022835Source observation · Sep 25, 2026
Questions to resolve
- Obtain executed leases, tenant estoppels, deposit accounting and collection history.
- Reconcile the offered units, address and living area with title, permits and occupancy records.
- Obtain trailing expenses, buyer tax estimates and property-specific insurance quotes.
Similar properties
- 2713 NE 33rd Ave, Fort Lauderdale: 2-unit multifamily, asking $1,349,000
- 1634 NE 4th Pl, Fort Lauderdale: 4-unit multifamily, asking $1,275,000
- 1417 NE 5th Ave, Fort Lauderdale: 4-unit multifamily, asking $899,999
Florida property research
Research scope includes Miami-Dade, Broward, the Florida Keys and Flagler County. Published observations vary by market.
[1] Gross yield excludes costs and financing. Source figures are unverified; estimates use editable assumptions. Check current listing availability. County records are separate from listings. Saves stay in this browser; export a backup before clearing site data. Sources & methods