Two-Unit
For Sale
$749,000
1840 SW 24th Street 1-2, Fort Lauderdale, FL 33315
Both residences offer two bedrooms and two bathrooms, with the option to purchase the property furnished.
Property Size1,912 SF
Price / SF$391.74
Days on Market293
Property Features for 1840 SW 24th Street 1-2
General Information
Standard status
Active
Size
1,912 SF
Property subtype
Duplex
Site & Location
Neighborhood
Roca
Highway Access
Yes
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,225
Building Details
Building Size
1,912 SF
Year Built
1972
Buildings
1
Listing Agency:
LoKation
Listed By:
Yvonne Plass · License #3402236
(561) 860-7053
Source:
Dangelorealty
Added: Jan 9
Changed: Oct 26
Last Checked: Oct 26 at 2:49PM
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
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Investment Insights
Based on property information with market context.
This 1972 duplex contains two residences, each with two bedrooms and two bathrooms. Furnishings may be included in a sale. The property is offered individually, with another duplex available as part of a twin-property package.
I-595 and I-95 are nearby, along with Fort Lauderdale-Hollywood International Airport, Port Everglades, marinas, hospitals, and employment centers. The property is identified for short- or mid-term rental use.
I-595 and I-95 are nearby, along with Fort Lauderdale-Hollywood International Airport, Port Everglades, marinas, hospitals, and employment centers. The property is identified for short- or mid-term rental use.
Key Highlights
- Two residential units, each with 2 bedrooms and 2 bathrooms
- Built in 1972
- Near I‑595 and I‑95
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms and two bathrooms, with the option to purchase the property furnished.
Where is this duplex located?
The property is located at 1840 SW 24th Street 1-2 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: Two residential units, each with 2 bedrooms and 2 bathrooms; Built in 1972; Near I‑595 and I‑95
