1827 Sw 21st St, Fort Lauderdale, FL 33315

Property Description

Renovated duplex in Fort Lauderdale's coveted River Oaks neighborhood — just ONE block from Safe Harbour Lauderdale Marina, 5 blocks from I-95, 10 min to FLL Airport & 15 min to the beach. This 1,570 SF property offers 2 bed/1 bath per unit with a complete 2024–2025 gut renovation: all-new kitchens, bathrooms, plumbing, electrical, impact windows & doors, and roof. Original terrazzo floors and C.B. Stucco construction built to last. Unit 1 is VACANT and move-in ready. Unit 2 is tenant-leased at $2,700/mo through September 2026. Tenants pay ALL utilities. Each unit has its own separate electric & water meter. Stabilized gross income: $64,800/year. Active Short-Term Rental license (through Dec 2026) unlocks serious upside — Unit 1's 6 beds have generated up to $3,000/mo via by-the-bed rentals, fueled by the marina workforce next door. Total monthly income potential: $5,400+. Perfect for investors seeking turn-key ROI or first-time buyers who want to live in one unit and rent the other. The surrounding area is actively gentrifying — older properties replaced by modern 2-story homes and townhome-style duplexes, driving strong land value appreciation. Rare income-producing gem in one of Fort Lauderdale's most strategic locations.