UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,042 sqft
Price per Sqft $552
Subdivision Edgewater Estates 1St Add
MLS Listing ID A11908735
HOA Y/N No
Year Built 1960
Annual Tax Amount $17,247
Tax Year 2024
Property Sub-Type Duplex
Property Description
Fully remodeled and operating as a high-performing short-term rental, each unit has its own separate pool to boast, this two-unit property at 1416–1420 NE 23rd Street generates approximately $140,000 in annual revenue, offering both immediate cash flow and long-term appreciation in one of Fort Lauderdale's most desirable submarkets. With strong historical occupancy and professional management in place, the property delivers an estimated cap rate 11% depending on operating expenses. Located minutes from Wilton Drive, beaches, and downtown, this is a rare chance to acquire a proven income-producing asset in a rapidly appreciating neighborhood.
Location
State FL
County Broward
Community Edgewater Estates 1St Add
Area 3370
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Exterior
Pool Other, Pool
Utilities Available Cable Available
Roof Type Shingle
Total Parking Spaces 4
Private Pool Yes
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Level or Stories One
Structure Type Block
Others
Tax ID 494226300050
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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