1401 NE 21ST Street # 2 Unit 1-2, Wilton Manors, FL 33305
For Sale
$750,000
The property comprises two residential units.
Property Size1,908 SF
Price / SF$393.08
Days on Market41
Property Features for 1401 NE 21ST Street # 2 Unit 1-2
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
LoKation
Listed By:
John M James · License FL #3265181
(954) 594-0951
Source:
Debuirerealty
Added: Oct 5
Changed: Nov 14
Last Checked: Nov 13 at 2:53PM
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 LoKation
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Investment Insights
Based on property information with market context.
This duplex contains two residential units. The property is located at 1401 NE 21ST Street in Wilton Manors, Florida.
Key Highlights
- Two‑unit residential property
- Located at 1401 NE 21ST Street in Wilton Manors, FL
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,155
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,100
$583.1K
Cap Rate 7%
$416,500
$416.5K
Cap Rate 9%
$323,944
$323.9K
Market Conditions
NOI Build-Up for 1,908 SF
Gross rent
$56.1K $29.40/SF
− Vacancy
−$3.1K −$1.62/SF
EGI
$53.0K $27.78/SF
− OpEx
−$23.9K −$12.50/SF
NOI
$29.2K $15.28/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,100
Cap Rate 7%
$416,500
Cap Rate 9%
$323,944
Alternative Uses
Best Use
Apartment 5plus
$416.5K
$364.4K – $485.9K
NOI $29,155 @ 7.0% cap · market cap 3.89%
Second Best
Multifamily LT 5
$320.0K
$280.0K – $373.4K
NOI $22,401 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$968.0K
$847.0K – $1.13M
NOI $67,761 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
765
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
$558,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - The property comprises two residential units.
Where is this duplex located?
The property is located at 1401 NE 21ST Street # 2 Unit 1-2 Wilton Manors, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑unit residential property; Located at 1401 NE 21ST Street in Wilton Manors, FL
