1425 NE 55th Street Fort Lauderdale, FL 33334
MULTI_FAMILY - Fort Lauderdale, FL
Property Features for 1425 NE 55th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RD-15
- Bedrooms
- 4
- Rooms
- Bedroom 2, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 4
- Window features
- Blinds
- Patio and Porch features
- Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 494211073330
- Size
- 2,665 SF
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- CORAL RIDGE ISLES 45-47 B LOT 24 BLK 43
- Tax Annual Amount
- 18677
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1966
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Block
- Roof type
- Composition, Shingle
- Additional Structures
- Outbuilding
Listing agent Carlos A Montoya License #0623048 (954) 234-7653
Listing office Fidelity Real Estate Group LLC 10100 W Sample Road Ste.401, CORAL SPRINGS, FL (954) 345-9144
Listing date May 29, 2024
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Fort Lauderdale, the property is zoned RD-15. The listing also provides expense and income figures: potential gross income of $74,400 with stated annual expenses of $27,118, including taxes ($10,678), landscaping ($840), insurance ($4,000), and water/trash ($3,600).
Key Highlights
- Duplex built in 1966 with block construction and tile flooring
- Hurricane impact windows plus newer A/C units and a new roof (shingle/composition)
- Two 2‑bedroom, 2‑bath units, each with 1,391+/- SF; open split‑bedroom layouts
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.2k | $25.20 |
| − Vacancy | −$3.7k | −$1.39 |
| EGI | $63.5k | $23.81 |
| − OpEx | −$19.0k | −$7.14 |
| NOI | $44.4k | $16.67 |
