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+16 photosLuxury home — 1420 N Andrews Avenue · Progresso · Fort Lauderdale
$515,000
1420 N Andrews Avenue, Fort Lauderdale, FL 33311
Fort Lauderdale, FL, 33311
— bd · — ba · 1,080 sqft
Listed by EC Home
1420 N Andrews Avenue, Fort Lauderdale, FL 33311
Listed by EC Home
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Estimated monthly payment
$3,702/mo
Income & expenses
2 units| Building totals | Monthly | Annual |
|---|---|---|
| Gross rental income | $2,000 | $24,000 |
| Operating expenses (est.) | $930 | $11,155 |
| Net operating income (est.) | $1,070 | $12,845 |
Expenses include estimated taxes, insurance, HOA and the 10% vacancy, repairs and management allowance. Loan payments are separate.
Yearly rent
$24,000
Property taxes after sale
$6,180
Florida average estimate
Insurance estimate
$2,575
South Florida average insurance estimate
Cap rate — optimistic
2.96%
NOI $15,245/yr
Rent minus taxes, insurance and HOA.
Cap rate — conservative
2.49%
NOI $12,845/yr
Also minus 10% for vacancy, repairs and management.
Cash flow with a loan
Conservative net operating income minus a 30-year loan payment at the price tested above.
Rent figures come from the listing. Taxes are estimated at the tested price, since Florida taxes reset on sale. Planning estimate only, not a quote. Actual premiums depend on roof age, wind mitigation, flood zone, claims history and the carrier. Verify all income and expenses with the seller's rent roll before writing an offer. Estimate only, not guaranteed. Verify before you buy or sell.
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $3,702/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: X · verify insurance quotes before buying.
About this home
Find similar homesGreat investment opportunity! This duplex features **two bedrooms and one bathroom in each unit**, with **separate private patios** offering added privacy and outdoor living space. **At least one unit is currently rented for $2,000 per month**, providing immediate rental income. The property offers excellent potential for investors or owner-occupants looking to live in one unit while generating income from the other. **Some photos have been virtually staged to showcase the property’s full potential.**
Property Details
Your costs (est.)
≈ $3,702/mo
1420 N Andrews Avenue, Fort Lauderdale, FL 33311 · Fort Lauderdale
Location
1420 N Andrews Avenue, Fort Lauderdale, FL 33311
What buyers ask about this home
What are the estimated monthly carrying costs at 1420 N Andrews Avenue, Fort Lauderdale, FL 33311?+
Property tax (after sale): $788/month est.; homeowners insurance: $241/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $1,030/month est. Principal and interest: $2,672/month; PMI: $0/month. Total for the payment scenario shown: $3,702/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 1420 N Andrews Avenue, Fort Lauderdale, FL 33311?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 1420 N Andrews Avenue, Fort Lauderdale, FL 33311 need flood insurance, and what drives the premium?+
Most of Fort Lauderdale sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 1420 N Andrews Avenue, Fort Lauderdale, FL 33311?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
What extra costs come with the pool at 1420 N Andrews Avenue, Fort Lauderdale, FL 33311?+
A pool typically adds ongoing service, chemicals and electricity, plus periodic resurfacing and equipment replacement. Verify the safety barrier meets Florida code, which is required for insurance and resale.
Is there room to negotiate on 1420 N Andrews Avenue, Fort Lauderdale, FL 33311?+
This listing has been on the market 51 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Fort Lauderdale. Venice of America — 165+ miles of navigable waterways, Las Olas dining, and easy I-95 / Brightline access.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Thurgood Marshall Elementary School
Elementary · 0.6 mi from this home · 800 Nw 13Th St, Fort Lauderdale
Sunrise Middle School
Middle school · 1.3 mi from this home · 1750 Ne 14Th St, Fort Lauderdale
Fort Lauderdale High School
High school · 0.4 mi from this home · 1600 Ne 4Th Ave, Fort Lauderdale
Zone boundaries published by Broward County Public Schools.
Other options for this address
Mount Bethel Christian Academy
Elementary · Private · Christian · Grades PK–7 · Fort Lauderdale
Somerset Academy Village Charter Middle School
Middle school · Charter · Grades 6–8 · Wilton Manors
ST. Thomas Aquinas High School
High school · Private · Catholic · Grades 9–12 · Fort Lauderdale
Edith Robinson Christian Academy
High school · Private · Christian · Grades 9–12 · Fort Lauderdale
The International Family Academy
Pre-K & Kindergarten · Private · Grades K–12 · Fort Lauderdale
Permission To Succeed Education Center
Pre-K & Kindergarten · Private · Grades PK–12 · Port ST. Lucie
Permission To Succeed Education Center
Pre-K & Kindergarten · Private · Grades K–12 · Port ST. Lucie
Ameribelge Center For Education
Pre-K & Kindergarten · Private · Grades PK–11 · Fort Lauderdale
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
Simon Gedz
Realtor® since 1995
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