Three-Bedroom Duplex
For Sale
$329,999
1440 NW 20th Street unit B, Fort Lauderdale, FL 33311
The residence has no HOA, and its current lease is set to renew on July 31, 2027.
Property Size1,167 SF
Price / SF$282.78
Days on Market801
Property Features for 1440 NW 20th Street unit B
General Information
Standard status
Active
Size
1,167 SF
Property subtype
Duplex
Site & Location
Neighborhood
Roca
Units
Unit Mix
3 bed / 2 bath
Multifamily Units
1
Additional Details
Average Monthly Rent
$2,300
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,143
Building Details
Building Size
1,167 SF
Year Built
1974
Listing Agency:
London Foster Realty
Listed By:
Denise Andrea Haeussler Leatherbee · License #3401909
(302) 648-2277
Source:
Dangelorealty
Added: Aug 20, 2024
Changed: Oct 26
Last Checked: Oct 26 at 1:00PM
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 London Foster Realty
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Investment Insights
Based on property information with market context.
Unit B is a 1,167-square-foot residence with three bedrooms and two bathrooms. The home was built in 1974, and its HVAC system dates to 2021. There is no HOA, and the current lease renews on July 31, 2027.
The property is located at 1440 NW 20th Street in Fort Lauderdale. The existing management company can remain in place for a transition.
The property is located at 1440 NW 20th Street in Fort Lauderdale. The existing management company can remain in place for a transition.
Key Highlights
- 1,167 square feet with 3 bedrooms and 2 bathrooms
- Current lease renews on 07/31/2027
- HVAC system dates to 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,454
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,080
$389.1K
Cap Rate 7%
$277,914
$277.9K
Cap Rate 9%
$216,156
$216.2K
Market Conditions
NOI Build-Up for 1,167 SF
Gross rent
$29.4K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$27.8K $23.81/SF
− OpEx
−$8.3K −$7.14/SF
NOI
$19.5K $16.67/SF
Area
Fort Lauderdale, 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%
$389,080
Cap Rate 7%
$277,914
Cap Rate 9%
$216,156
Alternative Uses
Best Use
Multifamily LT 5
$277.9K
$243.2K – $324.2K
NOI $19,454 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$250.3K
$219.1K – $292.1K
NOI $17,524 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$784.2K
$686.2K – $914.9K
NOI $54,896 @ 7.0% cap · market cap 16.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
911
Businesses Nearby
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Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The residence has no HOA, and its current lease is set to renew on July 31, 2027.
Where is this duplex located?
The property is located at 1440 NW 20th Street unit B Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $329,999.
What are key features of this property?
This property features: 1,167 square feet with 3 bedrooms and 2 bathrooms; Current lease renews on 07/31/2027; HVAC system dates to 2021
