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    1723 21St St Fort Lauderdale, FL 33315

    For Sale
    $750,000

    Two-unit duplex, prime location, high rental potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents two adjoining duplexes located at 1723 and 1727 SW 21st St, Fort Lauderdale, FL 33315, in Broward County. The property, built in 1970, consists of two single-story buildings, each featuring two spacious units. Each unit boasts two bedrooms and two bathrooms, providing ample living space for tenants. Additional features include a private laundry room in each unit, central air conditioning, a private back patio, hurricane shutters, and convenient two-car parking. The property's central location offers easy access to marinas, shipyards, the Port Everglades (MPT), and Fort Lauderdale-Hollywood International Airport, making it highly attractive to renters. The combined asking price for both properties is $750,000. Given the property's features and location, this presents a strong potential for rental income, particularly considering the possibility of converting the units into lucrative yacht crew accommodations. The properties are being sold together as a single investment package. This is a rare opportunity to acquire a well-maintained, income-generating multifamily property in a desirable Fort Lauderdale location.

    Property Features for 1723 21St St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1970
    Stories
    1
    Units
    2

    HighLights

    • $750,000 asking price.
    • Multifamily property, two‑unit apartment building (duplex).
    • Built in 1970, one story.
    • Two bedrooms and two bathrooms per unit.
    • Each unit features a separate laundry, central AC, patio, hurricane shutters, and two‑car parking.
    • Centrally located near marinas, shipyards, and Fort Lauderdale airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1636864
    Latitude
    26.0956142

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit duplex, prime location, high rental potential.
    Where is this multifamily property located?
    The property is located at 1723 21St St Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: $750,000 asking price.; Multifamily property, two-unit apartment building (duplex).; Built in 1970, one story.
    Request Owner's contact information
    1723 21St St Fort Lauderdale, FL 33315
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1723 21St St Fort Lauderdale, FL 33315
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