Renovated Duplex in Broward
1741 Southwest 40th Terrace Fort Lauderdale, FL 33317
1741 Southwest 40th Terrace, Fort Lauderdale, FL, 33317
$649,999
For Sale
$649,999
Spacious duplex near major job centers, schools, and parks.
Property Size2,554 SF
Price / SF$254.50
Days on Market278
Property Features for 1741 Southwest 40th Terrace
General Information
- Standard status
- Active
- Size
- 2,554 SF
- Property subtype
- Residential Income / Duplex
Building Details
- Year Built
- 1982
Listing agency
BAWONS Properties, Inc
(305) 509-8336
Listed by
Wendy Pierre · License #3272185
(305) 509-8336
Source
Compass
Added: Oct 18, 2025 Updated: Jul 10 at 12:14PM Checked: Jul 22 at 11:31AM
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 BAWONS Properties, Inc
Investment Insights
Based on property information with market context.
Located in unincorporated Broward County, this duplex, constructed in 1982, has been renovated multiple times, including a 2023 roof installation. The property consists of two 1,277-square-foot townhomes. Each unit features 3 bedrooms, 2.5 bathrooms, and a den. Each unit is individually metered, with tenants responsible for all utilities, including water and electricity. The property is positioned near major job centers, schools, and parks, offering accessibility with proximity to David Blvd, 441, I-595, the Turnpike, and I-95. It can be used as an income-producing asset or for owner-occupancy.
Key Highlights
- House hacking opportunity: Live in one unit and rent the other to offset mortgage costs.
- Income‑producing asset: Collect $2,500 monthly rental income from one unit.
- Two spacious 1,277 SF townhomes, each with 3 bedrooms and 2.5 bathrooms plus a large den.
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 | $64.4k | $25.20 |
| − Vacancy | −$3.5k | −$1.39 |
| EGI | $60.8k | $23.81 |
| − OpEx | −$18.2k | −$7.14 |
| NOI | $42.6k | $16.67 |
2,554 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$608.2K
$532.2K – $709.6K
NOI $42,575 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$547.9K
$479.4K – $639.2K
NOI $38,352 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,140 @ 7.0% cap · market cap 18.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Spacious duplex near major job centers, schools, and parks.
Where is this duplex located?
The property is located at 1741 Southwest 40th Terrace Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $649,999.
What are key features of this property?
This property features: House hacking opportunity: Live in one unit and rent the other to offset mortgage costs.; Income‑producing asset: Collect $2,500 monthly rental income from one unit.; Two spacious 1,277 SF townhomes, each with 3 bedrooms and 2.5 bathrooms plus a large den.
