Price Reduced 2.75%
Price History
$1,198,000
4/22/2024
$1,165,000
7/22/2024
1175 SW 16th Ave, Fort Lauderdale, FL, 33312
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