Property Description
Rare investment opportunity in Fort Lauderdale — a 4-unit apartment complex at 700 SW 16th Ave. This 3,047 SF building on a spacious 10,000 SF lot includes four large and spacious 2-bedroom, 1-bath units. Each unit features central AC and individual electric meters. The property currently generates $6,700 in monthly rental income, with strong upside potential to increase rents to approximately $8,800 per month when adjusted to market rates. Ideally located minutes from I-95, Fort Lauderdale-Hollywood International Airport, downtown, and the beach, this property offers excellent access and sits in one of South Florida’s fastest-growing markets.
Features
- Swimming Pool
- Heating System
- Cooling System
- Architectural Style
- Roof
- Sewer
Address Map
- State:
- FL
- County:
- Broward
- City:
- Fort Lauderdale
- Zipcode:
- 33312
- Street:
- 700 Sw 16th Ave, Fort Lauderdale, Florida 33312
- Longitude:
- W81° 50' 13.9''
- Latitude:
- N26° 6' 45.6''
MLS Addon
- Building Area:
- 3,047 Sqft
- Construction Materials
- Cumulative DOM:
- 337
- DOM:
- 1
- Flooring
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lot Features
- Parcel Number:
- 504209030110
- Subdivision Name:
- RIVERSIDE NO 2
- Tax Annual Amount:
- $15,271
- Utilities
- Virtual Tour:
- Click Here
Residential Income For Sale
700 Sw 16th Ave, Fort Lauderdale, Florida 33312, Fort Lauderdale, Florida 33312
3,047 Sqft
$950,000
MLS # #A12112046
Basic Details
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $950,000
- Square Footage :
- 3,047 Sqft
- Year Built :
- 1970
- MLS # :
- A12112046
