Overview
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- Status: Active
- Parking No info
- Size: 1,502 ft2/139.54 m2
- Price Per: $797.60 ft2/$8,585.33 m2
- Type: Multifamily
- Built: 1987
- HOA: No info
- MLS Number: A11573474
- View No info
- On Site: 3 days
- Updated: 3 Days Ago
- Page Views: 0
Excellent investment opportunity in Fort Lauderdale with this multifamily with two independent buildings. Each building has two 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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Development Amenities
Development Amenities:
- Common Laundry
- Exterior Lighting
- Pool
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 04/22/2024 | Listed | $1,198,000.00 | $797.60 ft2/$8,585.33 m2 |
Features
Property Details for 1175 SW 16th Ave, Fort Lauderdale, FL 33312
Riverside, Multifamily current status is Active, 1175 SW 16th Ave is a Multifamily in , Fort Lauderdale, FL 33312 with property MLS ID# A11573474. This Multifamily has been listed on Best of Luxury Realty since April 22, 2024 and is currently priced at 1,198,000. This property was built in 1987.
- Bedrooms
- Bedrooms: No info
- Bedroom Description: No info
- Bathrooms
- Full Bathrooms:
- Half Bathrooms: No info
- Master Bathroom Description: No info
- Exterior and Lot Features
- Exterior Features: No info
- View: No info
- Interior, Heating and Cooling
- Interior Features: No info
- Appliances: No info
- Heating Description: Central, Electric
- Cooling Description: No info
- Building and Construction
- Floor Description: Other, Terrazzo
- Windows/Treatment: No info
- Construction Type: Other
- Year Built: 1987
- Style: Fourplex
- Waterfront and Water Access
- Waterfront Property: No info
- Waterfront Frontage: No info
- Waterfront Description: No info
- Water Access: No info
- Water Description: No info
- School Information
- Elementary School: No info
- Middle School: No info
- High School: No info
- Other Property Info
- Community Name: Riverside
- Subdivision Name: RIVERSIDE PARK ADD AMEN P
- Property Type: Multifamily
- Property Subtype: Residential Income
- Type of Association: Homeowners
- Garage Spaces: No info
- Listing Date: 04/22/2024
- Area: 3470
- Brokered By: Optimar International Realty
- Taxes, Fees & More
- Maintenance/HOA Fees: No info
- Taxes (PLEASE NOTE THAT: Property taxes on resale can vary and prorated at approximately 2.0% of the purchase price and/or assessed market value. Tax rates differ between municipalities and may vary depending on location and usage): $7,351.00 (2022)
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Area Specialist
Buyer/Tenant Etiquette
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Tracey Schmitt
Real Estate Advisor
Office: (305) 407-1657
Email: tracey@bestofluxuryrealty.com
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
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This property is courtesy of the Optimar International Realty. This listing has been viewed 0 times. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
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*Decrease/Increase: Listing values that are being calculated based on recorded price changes.
*Foreclosures/Short Sale: Please note, all properties are subject to bank approval. Buyers must be pre-approved or show proof of funds before submitting an offer.
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