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.
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
Price:
$1,129,000
MLS #:
A11908735
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Duplex
Subdivision:
EDGEWATER ESTATES 1ST ADD
Neighborhood:
edgewaterestates1stadd
Listed Date:
Nov 5, 2025
Finished Sq Ft:
2,042
Total Sq Ft:
2,042
Year Built:
1960
See this Listing
Schools
Interior
Cooling
Central Air
Flooring
Ceramic Floor
Heating
Central
Exterior
Architectural Style
Attached
Construction Materials
Concrete Block Construction
Parking Spots
4
Roof
Shingle
Financial
Tax Year
2024
Taxes
$17,247
Map
Community
- Address1416 NE 23rd St Wilton Manors FL
- SubdivisionEDGEWATER ESTATES 1ST ADD
- CityWilton Manors
- CountyBroward County
- Zip Code33305
Market Summary
Current real estate data for Multi Family in Wilton Manors as of Jan 16, 2026
6
Multi Family Listed
150
Avg DOM
483
Avg $ / SqFt
$1,235,167
Avg List Price
Property Summary
- Located in the EDGEWATER ESTATES 1ST ADD subdivision, 1416 NE 23rd St Wilton Manors FL is a Multi Family for sale in Wilton Manors, FL, 33305. It is listed for $1,129,000
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