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1416 NE 23rd St, Wilton Manors FL 33305

Multi-family For Sale
$1,129,000

BTC: 37.63333333

ETH: 564.50000000

29 days
0 room(s)
2,042 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Investor Opportunity – Turnkey Wilton Manors Duplex 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

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1960
Lot:
No Data
Heating:
Central
Price/sqft:
$553
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Central

    Cooling

    • Central Air

  • Other Property Information

    • Parcel Number: 494226300050

    • Zoning: RD-10

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $17,247

  • Source details

    • MLS ID: A11908735

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Pool Features: Other

    • Architectural Style: Attached

    • Living Area: 2042

    • Subdivision Name: EDGEWATER ESTATES 1ST ADD

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: London Foster Realty