1425 NE 55th Street, Fort Lauderdale, FL 33334
Turnkey two-bedroom duplex with hurricane impact windows, newer A/C, and private screened patios for flexible rental use.
- Added:
- Jun 6, 2024
- Days on Market:
- 748
- Last Refresh:
- Jun 20 at 7:17 am
Property Features for 1425 NE 55th Street
General Information
- Standard status
- Active
- Size
- 2,782 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1966
Listing agent Carlos Montoya
Listing office Fidelity Real Estate Group
Listing date Jun 6, 2024
Source Crexi
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 Fidelity Real Estate Group
HighLights
- Turnkey duplex built in 1966 with hurricane impact windows for the entire building
- New roof plus newer A/C units
- Two large 2‑bedroom, 2‑bath units, each approx. 1,391+/- SF
- Each unit has open split bedrooms, full‑size washer/dryer, updated kitchen with stainless steel appliances, and a private screened patio
- Potential gross income of $74,400 annually with annual expenses of $27,118 (includes taxes, landscaping, insurance, and water/trash)
Overview
Located in Coral Ridge Isles, the property is minutes to the beach, aligning with a lifestyle-driven tenant profile and vacation-rental use cases. The offering is presented for buyers seeking either an owner-occupant setup or an annual income approach, with the option to explore short-term rental potential based on the property’s features and proximity.
From an operational standpoint, the unit mix supports flexibility: two-bedroom floorplans, in-unit laundry, and screened outdoor space are practical for longer stays, and the updates can support a turnkey transition for a short-term rental strategy. The listing provides a stated potential gross income of $74,400 with annual expenses of $27,118, including taxes ($10,678), landscaping ($840), insurance ($4,000), and water/trash ($3,600).
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 | $70.1k | $25.20 |
| − Vacancy | −$3.9k | −$1.39 |
| EGI | $66.3k | $23.81 |
| − OpEx | −$19.9k | −$7.14 |
| NOI | $46.4k | $16.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1298724
- Latitude
- 26.1957949
