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1175 SW 16th Ave, Fort Lauderdale FL 33312

Multi-family For Sale
$1,198,000

BTC: 18.60913059

ETH: 380.55062308

11 days
0 room(s)
1,502 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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!!

Location

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1987
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$798
Cooling:
Electric
HOA:
No Data
All facts and features
  • Flooring

    • Other

    • Terrazzo

    Heating

    • Central

    • Electric

    Cooling

    • Electric

    Other interior features

    • Stairs

  • Other Property Information

    • Parcel Number: 504209130421

    • Zoning: RD-15

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $7,351

  • Source details

    • MLS ID: A11573474

    Other facts

    • Construction Materials: Other

    • Lot Features: Less Than 1/4 Acre Lot

    • Window Features: Other Windows

    • Architectural Style: Detached

    • Living Area: 1502

    • Water Source: Municipal Water

    • Subdivision Name: RIVERSIDE PARK ADD AMEN P

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Optimar International Realty