Proven Short-Term Rental
1039 N Victoria Park Rd Fort Lauderdale, FL 33304
For Sale
Contact for pricing
For sale as a proven short-term rental performer generating approximately $132,600 annually.
Property Size3,469 SF
Price / SF$503.89
Days on Market74
Property Features for 1039 N Victoria Park Rd
General Information
- Standard status
- Active
- Size
- 3,469 SF
- Property subtype
- Multifamily
Listing Agency:
THE AGENCY
(954) 837-3090
Listed By:
David Simonetta · License #3306180
Source:
Crexi
Added: May 13
Changed: Jul 23
Last Checked: Jul 25 at 1:18PM
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 THE AGENCY
Investment Insights
Based on property information with market context.
This property is offered for sale as a proven short-term rental performer, generating approximately $132,600 annually. Public remarks also cite approximately $130,000 in annual gross income.
An additional opportunity is described to acquire the neighboring income-producing property, creating a multi-property investment compound. The property is located at 1039 N Victoria Park Rd, Fort Lauderdale, FL 33304.
An additional opportunity is described to acquire the neighboring income-producing property, creating a multi-property investment compound. The property is located at 1039 N Victoria Park Rd, Fort Lauderdale, FL 33304.
Key Highlights
- Proven short‑term rental performer with approximately $132,600 in annual gross income
- Includes approximately $130,000 in annual gross income based on provided remarks
Financial Insights For Apartment 5plus
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 | $99.9k | $28.80 |
| − Vacancy | −$5.2k | −$1.50 |
| EGI | $94.7k | $27.30 |
| − OpEx | −$42.6k | −$12.29 |
| NOI | $52.1k | $15.02 |
3,469 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$744.2K
$651.2K – $868.2K
NOI $52,092 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,182 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
VictoriaPark.club
Vacation Rental
FAQs
What type of property is this?
Short term rental property - For sale as a proven short-term rental performer generating approximately $132,600 annually.
Where is this short term rental property located?
The property is located at 1039 N Victoria Park Rd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,748,000.
What are key features of this property?
This property features: Proven short‑term rental performer with approximately $132,600 in annual gross income; Includes approximately $130,000 in annual gross income based on provided remarks
