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1175 SW 16th Ave

Fort Lauderdale, FL 33312
  • $1,198,000
  • STATUS: Active
  • ON SITE: 56 Days
  • MLS #: A11573474
UPDATED: 92 min ago
$1,198,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,502
    SQFT
  • $798
    $/SQFT
Type:
Multi-Family
Built:
1987
County:

School Ratings & Info

Description

Excellent investment opportunity in Fort Lauderdale with this multifamily with two independent buildings. Each building has two badroom two-bedroom apartments, offering a total of four units generating $87K/year income, $67K/year NOI for a 5.6% CAP, easily upgradable to comparable units nearby for a total $112K/year income and a $92K NOI and a 7% CAP. With a total of 9,220 square feet of land and 1,502 square feet of construction per building, this property is ideal for investors looking to add value through improvements. Ask us for OM and complete investment package!!

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Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2024-06-17T23:52:20.773.
www.pattyaccorto.com/homes/149751948
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1175 SW 16th Ave Fort Lauderdale, FL 33312

  • Price: $1,198,000
  • Status: Active
  • On Site: 56 Days
  • Updated: 92 min ago
  • MLS #: A11573474
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1,502
SQFT
$798
$/SQFT
1987
Built
Neighborhood:
Riverside Park Add Amen P
County:
Broward
Area:
Riverside Park Add Amen P
Property Description
Excellent investment opportunity in Fort Lauderdale with this multifamily with two independent buildings. Each building has two badroom two-bedroom apartments, offering a total of four units generating $87K/year income, $67K/year NOI for a 5.6% CAP, easily upgradable to comparable units nearby for a total $112K/year income and a $92K NOI and a 7% CAP. With a total of 9,220 square feet of land and 1,502 square feet of construction per building, this property is ideal for investors looking to add value through improvements. Ask us for OM and complete investment package!!
Exterior Features

Architectural Style Detached Construction Materials Other Lot Features Less Than 1/4 Acre Lot Parking Total 8 Pool Private YN No Roof Other View YN No Waterfront YN No

Interior Features

Adjusted Square Footage 1502 Building Area Total 1502 Cooling Electric Flooring OtherTerrazzo Heating CentralElectric Heating YN Yes Interior Features Stairs Stories 2 Window Features Other Windows

Property Features

Association YN No Building Name RIVERSIDE PARK ADD AMEN P Cooling YN Yes Documents Available Copy Of Lease(S) Horse YN No Listing Terms All CashConventional New Construction YN No Property Sub Type Quadruplex Rent Includes None Sewer Public Sewer Spa YN No Structure Type QuadruplexFourplex Tax Annual Amount 7351 Tax Year 2022 Type Of Association None Water Source Municipal Water Year Built Details Resale Zoning RD-15

Listing courtesy of Optimar International Realty: .


Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2024-06-17T23:52:20.773.
 
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