1416 NE 23rd St, Wilton Manors FL 33305

For sale Days on market 95

EDGEWATER ESTATES 1ST ADD [ Duplex ]

$1,099,000

$538/sq ft

$30,000
Price Decreased

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Overview

Year Built

1960

Sqft

2042

Property Type

Duplex

Property Description

Investor Opportunity – Turnkey Wilton Manors Duplex Fully remodeled and operating as a high-performing short-term rental, each unit has its own separate pool to boast, this two-unit property at 1416–1420 NE 23rd Street generates approximately $140,000 in annual revenue, offering both immediate cash flow and long-term appreciation in one of Fort Lauderdale’s most desirable submarkets. With strong historical occupancy and professional management in place, the property delivers an estimated cap rate 11% depending on operating expenses. Located minutes from Wilton Drive, beaches, and downtown, this is a rare chance to acquire a proven income-producing asset in a rapidly appreciating neighborhood.

Property Details

MLS#

A11908735

Total Floor in Bldg

Building

EDGEWATER ESTATES 1ST ADD

Address

1416 23rd St NE

City

Wilton Manors

State/county

Zip/Postal Code

33305

Area

Edgewater Estates 1st Add

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$17,247

Maint Fee

$--

Tax Year

2024

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