Price Reduced 2.75%

$1,165,000 ($775.63 per sqft)

Est. Mortgage $6,045/mo *

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Price History

$1,198,000
4/22/2024

$1,165,000
7/22/2024

1175 SW 16th Ave, Fort Lauderdale, FL, 33312

1175 SW 16th Ave, Fort Lauderdale, FL, 33312
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1987

Fourplex

1,502 sqft

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!!

Status:

Active

Type:

Multi-family

Zoning:

RD-15

Subdivision:

RIVERSIDE PARK ADD AMEN P

Heating:

Central, Electric

Cooling:

Electric

Parking:

8-car

Est. Taxes:

$7,351

Construction

Other

Utilities

Cable Not Available

Lot Description:

< 1/4 Acre

Days on Market:

91

Pool:

None

MLS #:

A11573474

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of Optimar International Realty Phone: 305-947-0477