Property Description

Excellent investment opportunity in Fort Lauderdale with this multifamily with two independent buildings. Each building has two 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!!

Features
: Central, Electric
: Electric
: 8
: Fourplex
: Other
: Publicsewer
Address Map
FL
Broward County
Fort Lauderdale
33312
1175 SW 16th Ave
W81° 50' 13.2''
N26° 6' 26.8''
MLS Addon
1,502 Sqft
: Other
: Other, Terrazzo
1
1
Cash,Conventional
: Item14acre
504209130421
RIVERSIDE PARK ADD AMEN P
$7,351
2022
: Cablenotavailable
Click Here
: Other

Residentialincome For Sale

1175 SW 16th Ave, Fort Lauderdale, Florida 33312

1,502 Sqft
$1,198,000
MLS # #A11573474
Basic Details
Property Type : Residentialincome
Listing Type : For Sale
Price : $1,198,000
Square Footage : 1,502 Sqft
Year Built : 1987
MLS # : A11573474
Property Sub Type : Quadruplex
Agent info
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