$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
Sold Date 03/27/25
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1988
Annual Tax Amount $7,878
Tax Year 2023
Contingent Other
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
Total Parking Spaces 4
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block,Other
Construction Status Resale
Others
Tax ID 504209130420
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Top Tier International Realty, LLC.