1 / 145 NE 16th Ct, Fort Lauderdale FL 33305
Fort Lauderdale, FL
List Price
$1,020,000
Type
Duplex
Price / SqFt
$361/sqft
Price reduction
Distressed / value-add opportunity
Occupancy
tenant
From the listing
BEST INVESTMENT PORTFOLIO IN FORT LAUDERDALE!! CONSISTS OF TWO 5 bed 2 bath UNITS.CURRENTLY RENTED AT TOP PRICE!! JUST BUY AND START RECEIVING YOUR MONTHLY CASHFLOW!! SHOWINGS WILL ONLY BE DONE ONCE UNDER CONTRACT. OWNER COULD FINANCE WITH 50% DOWN
Property Information
- Square Feet
- 2,829
- Units
- 1
- Days on Market
- 107
- Status
- active
Location
- County
- Broward County
- Zip Code
- 33305
- Coordinates
- 26.1484, -80.1456
Represented by Academia
Academia Real Estate Corp can represent you on this property. Use the inquiry form to have a licensed broker reach out with full details and next steps.
Permit history
No open or expired permits on record
- Complete
Structural Permit
#BLD-RMIS-250 · issued 2025-03-27
- Complete
Walk-Thru - Re-Roof
#BLD-ROOF-WT- · issued 2025-03-26
- Complete
Electrical Permit
#ELE-RES-2405 · issued 2024-05-01
- Complete
Mechanical Residential Permit
#MEC-RES-2312 · issued 2023-12-06
- Complete
Walk-Thru - Fence
#BLD-FEN-WT-2 · issued 2023-01-30
- Complete
Residential Paving Permit
#BLD-RPAV-220 · issued 2022-05-01
Private inquiry
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Why this deal
- 0% off original list price
- Value-add opportunity
- Represented end-to-end by Academia
- Active listing — move quickly
Deal Score
50/100
Fair
is scored →
Scored neutral: our comparable-sale selection is being rebuilt so that it no longer references the asking price, and we will not score equity from an estimate we are not willing to publish.
0.0% off original list (full marks at 25%+).
107 days on market (full marks at 120+ — more time = more leverage).
Soft motivation language (value-add, motivated, tenant-occupied, cash-only).
A screen of the public MLS data we have — not an appraisal, valuation, or investment advice. Factors marked “assumed” were missing from the feed and scored neutral.
Deal scorecard
How four stakeholders read this deal
Strengths
- equity cushion a lender likes (LTV to ARV ≈ 66%)
- financeable via conventional or portfolio lender
Risks
- Roof age ~49 yr — approaching or beyond Citizens' 25-yr eligibility threshold; may require replacement or Citizens' roof inspection
- Flood zone AE — mandatory flood insurance required (NFIP or private); adds to carrying cost
What a super-investor sees
Investor
Investor equity estimate based on ARV from closed MLS comps minus list price and estima…
What a bank sees
Lender / financing
Lender financeability estimate based on list price, ARV, and condition signals. Not a f…
- equity cushion a lender likes (LTV to ARV ≈ 66%)
- financeable via conventional or portfolio lender
What an insurer sees
Insurance / 4-point
Insurability read from roof, electrical, plumbing and HVAC ages in the public record. B…
- Roof age ~49 yr — approaching or beyond Citizens' 25-yr eligibility threshold; may require replacement or Citizens' roof inspection
- Flood zone AE — mandatory flood insurance required (NFIP or private); adds to carrying cost
What a GC / AHJ sees
Permits / condition
No permits on record for this parcel in City of Fort Lauderdale Building Permit Tracker (records begin 2022; records current through 2026-03-16; checked 2026-10-20). Note: work below permit thresholds (in Broward, work valued under about $5,000 generally requires no permit) and work predating 2022 would not appear here. This is a verified query result, not a failed lookup.
4-point — last permit
- Roofnone on record
- Electricalnone on record
- Plumbingnone on record
- HVACnone on record
Estimates from public data — not an appraisal, insurance quote, or financing commitment. Insurability as of 2026-10-20. Verify with licensed professionals.
Deal calculator
Value-add deal calculator
5 NE 16th Ct, Fort Lauderdale FL 33305, Fort Lauderdale, FL
ARV is seeded from the asking price, not from comps — enter your own after-repair value. We are rebuilding comparable-sale selection so it no longer references the ask, and we will not pre-fill this field from an estimate we are not publishing.
Recommended max offer
$559,840
Room vs list (above list)
$460,160
Est. equity
-$224,775
-22% of ARV, at list
ROC at list
-18%
Est. all-in at list
$1,244,775
list + rehab + txn + carry
70% rule MAO
$616,500
Estimates only — not investment advice or an offer. ARV is drawn from recent closed comps; rehab from a rate-card range. Verify ARV, rehab, and all costs with a licensed professional before acting.