Two-Unit Duplex Income
1840 SW 24th Street # 2 #1-2 Fort Lauderdale, FL 33315
1840 SW 24th Street # 2 #1-2, Fort Lauderdale, FL, 33315
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For Sale
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Well-located duplex with two 2-bedroom, 2-bath units suited for long- or short-term rental strategies.
Property Size1,912 SF
Price / SF$417.89
Days on Market189
Property Features for 1840 SW 24th Street # 2 #1-2
General Information
- Standard status
- Active
- Size
- 1,912 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1972
Listing Agency
LoKation
Listed by
Yvonne Plass · License #3402236
Source
Crexi
Added: Jan 9 Checked: Jul 16 at 5:07 am
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
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 | $48.2k | $25.20 |
| − Vacancy | −$2.7k | −$1.39 |
| EGI | $45.5k | $23.81 |
| − OpEx | −$13.7k | −$7.14 |
| NOI | $31.9k | $16.67 |
1,912 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$455.3K
$398.4K – $531.2K
NOI $31,873 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$410.2K
$358.9K – $478.5K
NOI $28,711 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,940 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
CARYS, LLC
Medical Clinic
Similar For Sale Nearby
FAQs
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 SW 24th Street # 2 #1-2 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $799,000.
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
