Duplex with Private Outdoor
1009 NE 23rd Drive 1013 Ne 23 Dr, Wilton Manors, FL 33305
For Sale
$700,000
Each residence has its own laundry appliances, utility meters, and dedicated parking.
Property Size1,746 SF
Price / SF$400.92
Days on Market256
Property Features for 1009 NE 23rd Drive 1013 Ne 23 Dr
General Information
Standard status
Size
Property subtype
Units
Multifamily Units
Parking per Unit
Individually Metered Utilities
Additional Details
Asking Price
Taxes and HOA fees
Annual Taxes
Amenities
separate washer/dryer for each unit
private outdoor space
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Experience
Listed By:
Janice R Correale · License #3118532
(954) 562-8210
Source:
Irgflorida
Added: Feb 25
Changed: Nov 6
Last Checked: Nov 6 at 3:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Experience
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Investment Insights
Based on property information with market context.
Built in 1970, this duplex has two residences, each with private outdoor space, separate water and electric meters, and its own washer and dryer. Each unit also has two dedicated parking spaces.
The property is in Wilton Manors, near the restaurants and shops along Wilton Drive and Fort Lauderdale Beach.
The property is in Wilton Manors, near the restaurants and shops along Wilton Drive and Fort Lauderdale Beach.
Key Highlights
- Separate water and electric meters for each residence
- Individual washer and dryer in both units
- Private outdoor space for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,105
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,100
$582.1K
Cap Rate 7%
$415,786
$415.8K
Cap Rate 9%
$323,389
$323.4K
Market Conditions
NOI Build-Up for 1,746 SF
Gross rent
$44.0K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$41.6K $23.81/SF
− OpEx
−$12.5K −$7.14/SF
NOI
$29.1K $16.67/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,100
Cap Rate 7%
$415,786
Cap Rate 9%
$323,389
Alternative Uses
Best Use
Multifamily LT 5
$415.8K
$363.8K – $485.1K
NOI $29,105 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$383.6K
$335.7K – $447.5K
NOI $26,852 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$885.8K
$775.1K – $1.03M
NOI $62,007 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,204
Businesses Nearby
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Business Placement
Demographics for 33305, FL
12,044
Population
8,285
Households
1.5
Avg Household Size
52
Median Age
54%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
5,475
Density / Sq Mi
$89,944
Median Household Income
$60,924
Median Earnings
$1,850
Median Rent
$558,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Broward County, FL
Properties on Market for Duplexes in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own laundry appliances, utility meters, and dedicated parking.
Where is this duplex located?
The property is located at 1009 NE 23rd Drive 1013 Ne 23 Dr Wilton Manors, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Separate water and electric meters for each residence; Individual washer and dryer in both units; Private outdoor space for each unit
