608-612 NE 21st Court, Wilton Manors, FL 33305
MULTI_FAMILY - Wilton Manors, FL
Property Features for 608-612 NE 21st Court
General Information
Taxes and HOA fees
Utilities
Building Details
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Investment Insights
Based on property information with market context.
The property is located one block off Wilton Drive and next to Hagen Park, which includes sand volleyball courts and the Arts & Cultural Center.
Unit on the 612 side includes a private pool and a 2-car garage. The 608 side is currently rented for $2,300 per month. The property is zoned RD-10.
Key Highlights
- Duplex built in 1959 with two separate sides, each offering 2 bedrooms and 1 bathroom
- Each side has its own laundry rooms, screened porches, yards, plus separate electrical and water meters
- Private pool for the 612 side and a 2‑car garage for that unit
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 | $56.9k | $25.20 |
| − Vacancy | −$3.1k | −$1.39 |
| EGI | $53.8k | $23.81 |
| − OpEx | −$16.1k | −$7.14 |
| NOI | $37.6k | $16.67 |
Alternative Uses
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Current Use
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Location Intelligence
Trade Area within ½ mile
Demographics for 33305, FL
Market
Vacancy Rate% for Multifamily in South region