1175 SW 16th Ave Active Save Request In-Person Tour Request Virtual Tour
Fort Lauderdale,FL 33312
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,502 sqft
Price per Sqft $775
Subdivision Riverside Park Add Amen P
MLS Listing ID A11573474
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1987
Annual Tax Amount $7,351
Tax Year 2022
Property Description
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
State FL
County Broward
Community Riverside Park Add Amen P
Area 3470
Interior
Heating Central,Electric
Cooling Electric
Flooring Other,Terrazzo
Window Features Other
Exterior
Pool None
Utilities Available Cable Not Available
Roof Type Other
Total Parking Spaces 8
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories Two
Structure Type Other
Construction Status Resale
Others
Tax ID 504209130421
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional