Listing Agency: Coldwell Banker Realty m***@floridamoves.com Show Phone

Listed By: Michael F Rizzo PA Show Phone

Source: Exprealty

Added: Oct 3 Changed: Oct 11 Last Checked: Oct 16 at 1:22PM

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Investment Insights

Based on property information with market context.

This Fort Lauderdale duplex offers 4,282 square feet, an open-concept floor plan, 10-foot ceilings and cove lighting. Interior finishes include Italian porcelain flooring, quartz countertops, custom cabinetry and stainless steel appliances. The property has 4 bedrooms and 3-1/2 bathrooms.

Yacht repair marinas and marine centers are directly across the street. Downtown, Las Olas, Fort Lauderdale-Hollywood International Airport, Port Everglades, Marina Mile, beaches and major highways are described as minutes away. The property is zoned RD-15.

Key Highlights

• 4,282‑square‑foot duplex
• 4 bedrooms and 3‑1/2 bathrooms
• 10‑foot ceilings, cove lighting and open‑concept floor plan

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$71,380

Cap Rate

3.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,427,600 $1.4M

Cap Rate 7%

$1,019,714 $1.0M

Cap Rate 9%

$793,111 $793.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,282 SF

Gross rent

$107.9K $25.20/SF

− Vacancy

−$5.9K −$1.39/SF

EGI

$102.0K $23.81/SF

− OpEx

−$30.6K −$7.14/SF

NOI

$71.4K $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%

$1,427,600

Cap Rate 7%

$1,019,714

Cap Rate 9%

$793,111

Alternative Uses

Best Use

Multifamily LT 5

$1.02M

$892.3K – $1.19M (±1% cap)

NOI $71,380 @ 7.0% cap · market cap 3.58%

Second Best

Apartment 5plus

$918.6K

$803.8K – $1.07M (±1% cap)

NOI $64,300 @ 7.0% cap · market cap 3.22%

Theoretical Best

Office A

$2.88M

$2.52M – $3.36M (±1% cap)

NOI $201,425 @ 7.0% cap · market cap 10.10%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Hair Salon Dental Office Nail Salon Spa & Massage Center Pharmacy Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

872

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - RD-15 zoning and proximity to yacht repair marinas and marine centers support a range of residential rental configurations.

Where is this duplex located?

The property is located at 1720 Sw 20th St Fort Lauderdale, FL.

What is the asking price?

The asking price for this property is $1,995,000.

What are key features of this property?

This property features: 4,282‑square‑foot duplex; 4 bedrooms and 3‑1/2 bathrooms; 10‑foot ceilings, cove lighting and open‑concept floor plan