Furnished Duplex in Fort
300 SW 23rd St, Fort Lauderdale, FL 33315
For Sale
$734,999
Turn-key duplex near Fort Lauderdale Airport, ideal for rental.
Property Size1,652 SF
Price / SF$444.91
Days on Market688
Property Features for 300 SW 23rd St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
Compass Florida, LLC
(305) 697-5402
Listed By:
Leon Damjanovic · License FL #3362326
(305) 330-4791
Source:
Exitrealty
Added: Dec 28, 2024
Changed: Aug 8
Last Checked: Aug 8 at 6:28AM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This is a fully furnished duplex property located in Fort Lauderdale. Each unit features one bedroom and one bathroom, offering updated living spaces. Impact windows and doors are installed throughout. The kitchens are modern, and each unit includes its own washer and dryer. Private, fenced backyards are included. A new roof has been installed. The property has four on-site parking spaces and no HOA. Separate electric meters are in place. The property is located in Flood Zone X, meaning flood insurance is not required by lenders. Both units are currently leased, providing immediate income. The property is near Fort Lauderdale Airport, Port Everglades, and 17th Street. The property size is 1652 square feet.
Key Highlights
- Turn‑key, fully furnished duplex providing immediate rental income.
- Prime Fort Lauderdale location near the airport, Port Everglades, and 17th Street.
- Impact windows and doors, modern kitchens, and in‑unit washer/dryers in both units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,539
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,780
$550.8K
Cap Rate 7%
$393,414
$393.4K
Cap Rate 9%
$305,989
$306.0K
Market Conditions
NOI Build-Up for 1,652 SF
Gross rent
$41.6K $25.20/SF
− Vacancy
−$2.3K −$1.39/SF
EGI
$39.3K $23.81/SF
− OpEx
−$11.8K −$7.14/SF
NOI
$27.5K $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%
$550,780
Cap Rate 7%
$393,414
Cap Rate 9%
$305,989
Alternative Uses
Best Use
Multifamily LT 5
$393.4K
$344.2K – $459.0K
NOI $27,539 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$354.4K
$310.1K – $413.5K
NOI $24,807 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$1.11M
$971.4K – $1.30M
NOI $77,710 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,355
Businesses Nearby
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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
$492,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Fort Lauderdale, FL
Properties on Market for Duplexes in Fort Lauderdale
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Turn-key duplex near Fort Lauderdale Airport, ideal for rental.
Where is this duplex located?
The property is located at 300 SW 23rd St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $734,999.
What are key features of this property?
This property features: Turn‑key, fully furnished duplex providing immediate rental income.; Prime Fort Lauderdale location near the airport, Port Everglades, and 17th Street.; Impact windows and doors, modern kitchens, and in‑unit washer/dryers in both units.
