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
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11908735
Nearby School & Business
- 10
Bayview Elementary School
Public | KG - 5
- 9
Virginia Shuman Young Elementary School
Public | PK - 5
- 8
Floranada Elementary School
Public | KG - 5
- 7
Sunland Park Academy
Public | PK - 3
- 6
North Andrews Gardens Elementary School
Public | KG - 5
- 5
North Side Elementary School
Public | PK - 5
- 5
Bennett Elementary School
Public | PK - 5
- 5
Wilton Manors Elementary School
Public | PK - 5
- 5
Somerset Village Academy
Public | KG - 5
- 4
North Fork Elementary School
Public | PK - 5
- 4
Rock Island Elementary School
Public | PK - 5
- 4
Lloyd Estates Elementary School
Public | PK - 5
- 3
Dillard Elementary School
Public | PK - 5
- 3
Oakland Park Elementary School
Public | PK - 5
- 1
Walker Elementary School
Public | PK - 5
- 1
Marshall Thurgood Elementary School
Public | PK - 5
- 0
Florida Virtual Academy at Broward County
Public | KG - 12
- 0
Florida Virtual Academy at Osceola County
Public | KG - 10
- 0
Happyland Day School
Private | PK - KG
- 0
St Anthony Catholic School
Private | PK - 8
- 6
Somerset Academy Village Charter Middle School
Public | 6 - 8
- 4
Sunrise Middle School
Public | 6 - 8
- 3
James S. Rickards Middle School
Public | 6 - 8
- 0
Ivy Academy Middle School
Public | 6 - 8
- 0
Pace Center for Girls, Inc.
Public | 6 - 12
- 6
Fort Lauderdale High School
Public | 9 - 12
- 4
Stranahan High School
Public | 9 - 12
- 1
Northeast High School
Public | 9 - 12
- 0
Mavericks High of Central Broward County
Public | 9 - 12
- 0
Ivy Academy High School
Public | 9 - 12
- 0
Cardinal Gibbons High School
Private | 9 - 12
- 0
Postsecondary Alternatives for Secondary Students-
Public | 9 - 12
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