Two-Unit Duplex Income
For Sale
$749,000
1840 Southwest 24th Street Unit 12, Fort Lauderdale, FL 33315
Well-located duplex with two 2-bedroom, 2-bath units suited for long- or short-term rental strategies.
Property Size1,912 SF
Price / SF$391.74
Days on Market278
Property Features for 1840 Southwest 24th Street Unit 12
General Information
Standard status
Active
Size
1,912 SF
Property subtype
Residential Income / Duplex
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,226
Amenities
Electric, Humidity Control, Wall/Window Unit(s)
Electric, Window/Wall
Ceramic Tile
1
4
2
Deck, Patio
Concrete, Stucco
Composition
Fenced
Duplex
Impact Glass
Park, Picnic Area, Playground, Sidewalks
Built-in Barbecue, Custom Lighting, Outdoor Shower
No
Yes
Patio, Deck, Patio - Open
Building Details
Year Built
1972
Stories
1
Tenancy
Multi
Listing Agency:
LoKation
Listed By:
Yvonne Plass · License #3402236
(561) 860-7053
Source:
Compass
Added: Jan 9
Changed: Oct 11
Last Checked: Oct 12 at 10:37PM
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
Investment Insights
Based on property information with market context.
This well-located duplex features two separate units in a twin-duplex configuration, with each unit offering 2 bedrooms and 2 bathrooms. The property is available as part of a twin-duplex package, with both properties offered for sale. Subject to an agreed offer, the property may be sold fully furnished as shown, supporting an immediate operational setup.
The property benefits from convenient access to major transportation routes, including proximity to I-595 and I-95. It is positioned for straightforward travel to Fort Lauderdale-Hollywood International Airport, Port Everglades, major marinas, hospitals, and employment centers.
With two well-proportioned rental units, this duplex can fit a range of investor and operator needs, including short-term or mid-term rental use for traveling groups and professionals such as cruise passengers and crew, yacht staff, and airport and hospital professionals. The seller notes strong rental demand in the area, and the property is presented as a turnkey option. Pricing is per individual multifamily property; the companion listing contains additional information on the twin-duplex package.
The property benefits from convenient access to major transportation routes, including proximity to I-595 and I-95. It is positioned for straightforward travel to Fort Lauderdale-Hollywood International Airport, Port Everglades, major marinas, hospitals, and employment centers.
With two well-proportioned rental units, this duplex can fit a range of investor and operator needs, including short-term or mid-term rental use for traveling groups and professionals such as cruise passengers and crew, yacht staff, and airport and hospital professionals. The seller notes strong rental demand in the area, and the property is presented as a turnkey option. Pricing is per individual multifamily property; the companion listing contains additional information on the twin-duplex package.
Key Highlights
- Duplex built in 1972 with 2 units total
- Each unit features 2 bedrooms and 2 bathrooms
- Part of a twin‑duplex package; both properties available for sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,873
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,460
$637.5K
Cap Rate 7%
$455,329
$455.3K
Cap Rate 9%
$354,144
$354.1K
Market Conditions
NOI Build-Up for 1,912 SF
Gross rent
$48.2K $25.20/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$45.5K $23.81/SF
− OpEx
−$13.7K −$7.14/SF
NOI
$31.9K $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%
$637,460
Cap Rate 7%
$455,329
Cap Rate 9%
$354,144
Alternative Uses
Best Use
Multifamily LT 5
$455.3K
$398.4K – $531.2K
NOI $31,873 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$410.2K
$358.9K – $478.5K
NOI $28,711 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,940 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
963
Businesses Nearby
Explore this area
Business Placement
Demographics for 33315, FL
13,555
Population
6,991
Households
1.9
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
5.3 sq mi
ZIP Area
2,558
Density / Sq Mi
$90,760
Median Household Income
$43,815
Median Earnings
$1,789
Median Rent
$492,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Well-located duplex with two 2-bedroom, 2-bath units suited for long- or short-term rental strategies.
Where is this duplex located?
The property is located at 1840 Southwest 24th Street Unit 12 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Duplex built in 1972 with 2 units total; Each unit features 2 bedrooms and 2 bathrooms; Part of a twin‑duplex package; both properties available for sale
