$1,090,000
$1,140,000
4.4%For more information regarding the value of a property, please contact us for a free consultation.
1185 SW 16th Ave Fort Lauderdale, FL 33312
1,502 SqFt
Key Details
Sold Price $1,090,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,502 sqft
Price per Sqft $725
Subdivision Riverside Park Add Amen P
MLS Listing ID A11735110
Style Fourplex
Year Built 1988
Annual Tax Amount $7,878
Tax Year 2023
Property Sub-Type Quadruplex
Property Description
New Listing – Prime Multifamily Investment Opportunity in Fort Lauderdale
Discover an exceptional chance to secure a profitable asset in a rapidly developing neighborhood. This property features two standalone buildings, each offering two spacious 2BR/2BA units (four total). Currently generating $90K+ in annual income and approximately $70K in NOI (a 6%+ CAP), this investment has clear upside potential with nearby comps suggesting $110K+ in possible annual income after upgrades.Each building boasts 1,502 SF of well-maintained living space, set on a combined 9,220 SF lot. Surrounded by new developments in a gentrifying location, this is a rare opportunity to add value through modern renovations and strategic improvements.
Location
State FL
County Broward
Community Riverside Park Add Amen P
Area 3470
Interior
Heating Electric
Cooling Electric
Flooring Ceramic Tile
Exterior
Pool None
Utilities Available Cable Not Available
Roof Type Other
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Structure Type Block,Other
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Top Tier International Realty, LLC.
