Waterfront Duplex with Private
5812 NW 20th Court, Margate, FL 33063
For Sale
$522,900
Updated living areas, impact windows and doors, and an integrated home-control system complement private water access.
Property Size1,394 SF
Price / SF$375.11
Days on Market240
Property Features for 5812 NW 20th Court
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
private dock
voice-activated intelligent home system
color lighting
home audio
Nest thermostat & smoke detectors
automated blinds
security cameras
Building Details
Building Size
Year Built
Listing Agency:
Beycome of Florida LLC
Listed By:
Steven Koleno · License #3469487
(804) 656-5007
Source:
Redpinrealty
Added: Mar 13
Changed: Nov 6
Last Checked: Nov 6 at 3:22PM
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 Beycome of Florida LLC
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Investment Insights
Based on property information with market context.
This 1,394-square-foot duplex, built in 1958, has waterfront views and a private dock. Renovations include a new roof, impact windows and doors, and updated bathrooms, kitchen, living room, and bedrooms. Home systems include voice-activated lighting and audio, automated blinds, a Nest thermostat and smoke detectors, and security cameras.
The property is described as minutes from the beach, Hard Rock Casino, and Hard Rock Stadium. Its waterfront setting provides direct access to the water from the dock.
The property is described as minutes from the beach, Hard Rock Casino, and Hard Rock Stadium. Its waterfront setting provides direct access to the water from the dock.
Key Highlights
- 1,394‑square‑foot duplex built in 1958
- Private dock with direct water access and waterfront views
- Renovated kitchen, bathrooms, living room, and bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,238
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,760
$464.8K
Cap Rate 7%
$331,971
$332.0K
Cap Rate 9%
$258,200
$258.2K
Market Conditions
NOI Build-Up for 1,394 SF
Gross rent
$35.1K $25.20/SF
− Vacancy
−$1.9K −$1.39/SF
EGI
$33.2K $23.81/SF
− OpEx
−$10.0K −$7.14/SF
NOI
$23.2K $16.67/SF
Area
Broward County, 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%
$464,760
Cap Rate 7%
$331,971
Cap Rate 9%
$258,200
Alternative Uses
Best Use
Multifamily LT 5
$332.0K
$290.5K – $387.3K
NOI $23,238 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$306.3K
$268.0K – $357.3K
NOI $21,439 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$707.2K
$618.8K – $825.1K
NOI $49,506 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,203
Businesses Nearby
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Business Placement
Demographics for 33063, FL
56,296
Population
27,019
Households
2.1
Avg Household Size
45
Median Age
28%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
6,865
Density / Sq Mi
$62,930
Median Household Income
$38,038
Median Earnings
$1,790
Median Rent
$270,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Broward County, FL
Properties on Market for Duplexes in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Updated living areas, impact windows and doors, and an integrated home-control system complement private water access.
Where is this duplex located?
The property is located at 5812 NW 20th Court Margate, FL.
What is the asking price?
The asking price for this property is $522,900.
What are key features of this property?
This property features: 1,394‑square‑foot duplex built in 1958; Private dock with direct water access and waterfront views; Renovated kitchen, bathrooms, living room, and bedrooms
