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+16 photosLuxury home — 1151 NE 17TH Court · Fort Lauderdale
$2,990,000
1151 NE 17TH Court, Fort Lauderdale, FL 33305
Fort Lauderdale, FL, 33305
— bd · — ba · 7,454 sqft
Listed by Inbal Ruiz
1151 NE 17TH Court, Fort Lauderdale, FL 33305
Listed by Inbal Ruiz
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Estimated monthly payment
$21,536/mo
Income & expenses
13 units| Building totals | Monthly | Annual |
|---|---|---|
| Gross rental income | $24,450 | $293,400 |
| Operating expenses (est.) | $7,582 | $90,979 |
| Net operating income (est.) | $16,868 | $202,421 |
Expenses reflect the published net income, adjusted for post-sale taxes; the seller's itemized expenses need confirmation. Loan payments are separate.
Net Op Inc (as listed)
$197,115
Published by the listing agent
Property taxes after sale
$35,880
Florida average estimate
Seller's current taxes
$41,186
Already inside their NOI
Cap rate
6.77%
NOI $202,421/yr
The seller's Net Op Inc, corrected for the higher tax bill after the sale.
How we got there
- Net Op Inc as listed
- $197,115
- Taxes today
- $41,186
- Taxes at $2,990,000
- $35,880
- Extra tax to absorb
- -$-5,306
- Adjusted net
- $202,421
Cash flow with a loan
Tax-adjusted net operating income minus a 30-year loan payment at the price tested above.
Rent figures come from the listing. Taxes are estimated at the tested price, since Florida taxes reset on sale. Planning estimate only, not a quote. Actual premiums depend on roof age, wind mitigation, flood zone, claims history and the carrier. Verify all income and expenses with the seller's rent roll before writing an offer. Estimate only, not guaranteed. Verify before you buy or sell.
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $21,536/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homes13-unit multifamily investment opportunity in Fort Lauderdale at 1151 NE 17th Ct. Unit mix includes 11 one-bedroom/one-bath apartments, one studio/one-bath apartment and one three-bedroom/two-bath apartment. Current scheduled rents total $24,450 monthly, or $293,400 annually. Reported trailing 12-month NOI of $197,115 reflects a 6.6% cap rate at the $2,990,000 asking price, approximately $230,000 per unit. Property features include select renovated interiors and laundry income. An opportunity to acquire an income-producing apartment property with a diverse unit mix.
Property Details
Your costs (est.)
≈ $21,536/mo
1151 NE 17TH Court, Fort Lauderdale, FL 33305 · Fort Lauderdale
Location
1151 NE 17TH Court, Fort Lauderdale, FL 33305
What buyers ask about this home
What are the estimated monthly carrying costs at 1151 NE 17TH Court, Fort Lauderdale, FL 33305?+
Property tax (after sale): $4,580/month est.; homeowners insurance: $1,442/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $6,022/month est. Principal and interest: $15,514/month; PMI: $0/month. Total for the payment scenario shown: $21,536/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 1151 NE 17TH Court, Fort Lauderdale, FL 33305?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 1151 NE 17TH Court, Fort Lauderdale, FL 33305 need flood insurance, and what drives the premium?+
Most of Fort Lauderdale sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 1151 NE 17TH Court, Fort Lauderdale, FL 33305?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 1151 NE 17TH Court, Fort Lauderdale, FL 33305?+
This listing has been on the market 1 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Fort Lauderdale. Venice of America — 165+ miles of navigable waterways, Las Olas dining, and easy I-95 / Brightline access.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Bennett Elementary School
Elementary · 0.7 mi from this home · 1755 Ne 14Th St, Fort Lauderdale
Sunrise Middle School
Middle school · 0.8 mi from this home · 1750 Ne 14Th St, Fort Lauderdale
Fort Lauderdale High School
High school · 0.5 mi from this home · 1600 Ne 4Th Ave, Fort Lauderdale
Zone boundaries published by Broward County Public Schools.
Other options for this address
Care And Share Uxbridge Christian Academy
Elementary · Private · Christian · Grades PK–5 · Oakland Park
Somerset Academy Village Charter Middle School
Middle school · Charter · Grades 6–8 · Wilton Manors
ST. Thomas Aquinas High School
High school · Private · Catholic · Grades 9–12 · Fort Lauderdale
Edith Robinson Christian Academy
High school · Private · Christian · Grades 9–12 · Fort Lauderdale
Lighthouse Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades 4–12 · Oakland Park
Ameribelge Center For Education
Pre-K & Kindergarten · Private · Grades PK–11 · Fort Lauderdale
The International Family Academy
Pre-K & Kindergarten · Private · Grades K–12 · Fort Lauderdale
Permission To Succeed Education Center
Pre-K & Kindergarten · Private · Grades PK–12 · Port ST. Lucie
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
Simon Gedz
Realtor® since 1995
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