1416 23rd St ,Attached, Duplex, Edgewater Estates 1st Add for Sale

1416 23rd St for Sale

Price $1,129,000.00

• Lot size 2042
• Year Build 1960
• Waterfront
• Zip 33305
• Style Attached
• Parking Description
• Pool Yes Other
• Status Active

Description

Investor Opportunity ? Turnkey Wilton Manors Duplex Fully remodeled and operating as a high-performing short-term rental, 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.

EDGEWATER ESTATES 1ST ADD 45-2 B LOT 3

Less Than 1/4 Acre Lot

Investor Opportunity ? Turnkey Wilton Manors Duplex Fully remodeled and operating as a high-performing short-term rental, 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.

City:Wilton Manors,Zoning:RD-10,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2024,Latitude:26.1566371,Cooling Y N:1,Heating Y N:1,List Price:1129000,Listing Id:A11908735,Longitude:-80.1289228,Mls Status:Active,Year Built:1960,Living Area:2042,Postal Code:33305,Street Name:23rd St,Coordinates:1:26.1566371,Photos Count:18,Building Name:EDGEWATER ESTATES 1ST ADD,Listing Terms:1:Conventional,2:FHA,Lot Size Units:Square Feet,M I A M I R E_ Area:3370,M L S Area Major:Edgewater Estates 1st Add,On Market Date:2025-11-05,Parcel Number:494226300050,Parking Total:4,Property Type:Residential Income,Stories Total:1,Street Number:1416,M I A M I R E_ Style:Duplex,Public Remarks:Investor Opportunity ? Turnkey Wilton Manors Duplex Fully remodeled and operating as a high-performing short-term rental, 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.,County Or Parish:Broward County,Expiration Date:2026-02-28,List Office Name:London Foster Realty,M I A M I R E_ Pool Y N:1,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2323,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:EDGEWATER ESTATES 1ST ADD,Tax Annual Amount:17247,Total Actual Rent:140000,Unparsed Address:1416 NE 23rd St, Wilton Manors FL 33305,Listing Agreement:Exclusive Right To Sell,Year Built Details:Effective Year Built,Building Area Total:2042,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:AE,M I A M I R E_ L P Amt Sq Ft:552.8893,Original List Price:1129000,Public Survey Range:49,Documents Available:1:Financial Statement,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:Investor Opportunity ? Turnkey Wilton Manors Duplex Fully remodeled and operating as a high-performing short-term rental, 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.,Listing Contract Date:2025-11-05,Originating System I D:miamire,Public Survey Section:26,Showing Instructions:Call Listing Agent,Street Number Numeric:1416,Tax Legal Description:EDGEWATER ESTATES 1ST ADD 45-2 B LOT 3,M I A M I R E_ Current Price:1129000,Public Survey Township:49,M I A M I R E_ Total Mortgage:696800,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:2042,M I A M I R E_ Geographic Area:Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700),M I A M I R E_ Internet Remarks:Call for showings.,M I A M I R E_ Parcel Number M L X:0050,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Street View Param:1$26.156617$-80.128869$200.79$13.33$1.00$Z8mKBJ1rPLOOm9uxazJKbw,Contract Status Change Date:2025-11-05,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:2,M I A M I R E_ Ok To Advertise List:Yes - Attribution NOT Required,M I A M I R E_ Subdivision Number:30,M I A M I R E_ Agent Alternate Phone:786-784-0643,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1416 NE 23rd St,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:552.89,