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420 16th St, Fort Lauderdale, FL 33316

Townhouse For Sale
$799,000

BTC: 11.23295375

ETH: 211.96163998

20 days
3 bds
2 ba
1,620 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Discover an exceptional investment opportunity in downtown Fort Lauderdale with this fully leased townhome community, boasting a seamless operation managed by a reputable sober living company owned by a New York REIT for past 7 years. Current rental rate is $4,800/month. Renewal term is 5 years @ $5,200/month. Corporate tenant pays all utilities and repairs. The HOA management handles rental collections and repairs for all unit owners. This is a turn key investment with minimal effort for owner/investor. 3 bedroom 2.5 bath unit featuring 2 levels, w/ balcony and a two car garage. Great steady investment with appreciation upside, being a fee simple townhome in down town Fort Lauderdale, next to Whole Foods, the famous SE 17th St Causeway bridge and a short ride to the beach.

Location

Facts and features

Type:
Residential
Parking:
Fee Simple Garage
Year Built:
2016
Lot:
No Data
Heating:
Central Heat
Price/sqft:
$493
Cooling:
Ceiling Fans,Central Cooling
HOA:
$400
All facts and features
  • Flooring

    • Tile Floors

    Heating

    • Central Heat

    Cooling

    • Ceiling Fans,Central Cooling

    Appliances

    • Automatic Garage Door Opener,Dishwasher,Disposal,Dryer,Electric Range,Microwave,Refrigerator,Self Cleaning Oven,Washer

    Other interior features

    • First Floor Entry

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 2

  • Parking

    • Fee Simple Garage

    Property

    • Exterior Features: High Impact Doors / Open Balcony

    Other Property Information

    • Parcel Number: 504215550020

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Townhouse

  • Other financial information

    • HOA: $400

    • HOA Frequency: Monthly

    • Annual tax amount: $8,683

  • Source details

    • MLS ID: F10437259

    Other facts

    • Construction Materials: Concrete Block Construction,Slab Construction,Stucco Exterior Construction

    • Laundry Features: Washer and Dryer

    • Lot Features:

    • Patio And Porch Features: 1

    • Pool Features:

    • Direction Faces: Federal Hwy to SE 16th Street going west. Townhome community on the south side.

    • Garage Spaces: 2

    • Garage: Yes

    • Living Area: 1620

    • Subdivision Name: Mackenzie Manor

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The multiple listing information is provided by the Beaches MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Beaches MLS. 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: Flagler Duval