Best of Luxury Realty

Overview

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: 13 days
Updated: 4 Days Ago
Page Views: 0

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!!

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

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)

Nearest Schools

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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

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.
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