1175 SW 16th Ave

$1,198,000

0 Bed 0 Bath 1,502 sqft
1175 SW 16th Ave Fort Lauderdale

10

Home61's Closings in

Fort Lauderdale

Amenities

Air Conditioning
Central Heat
Refrigerator
N/A
Dishwasher
N/A
Washer
N/A
Walk-In Closets
N/A
Water View
N/A
Pool
N/A
Doorman
N/A
Valet
N/A
Gym
N/A
Impact Windows
N/A

Key features

Living area
1,502 sqft
Maintenance
$ 0
Tax
$7,351 (2022)
Tenant Occupied
No
Parking Space
8
Floor #
0 / 2
Building
RIVERSIDE PARK ADD AMEN P
On market
18 days
$ /sqft
$ 798
Type
apartment
Unit
-
Year Built
1987
Zip Code
33312
Ref./MLS ID
A11573474

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!


Data is provided by Miami Board of Realtors.

Public transportation

Fort Lauderdale/Hollywood International Airport at Dania Beach
60 mins
Hollywood
78 mins
Sheridan Street
79 mins
Cypress Creek
98 mins

Nearby School In Fort Lauderdale

Data Provided by greatschools.org

RATING
Name
GRADE
DISTANCE
1
North Fork Elementary School
PK-5
1.1 miles
1
Westwood Heights Elementary School
PK-5
1.2 miles
2
Riverland Elementary School
PK-5
0.8 miles
5
Stranahan High School
9-12
0.4 miles
Listed on April 22, 2024 by Rosa Poler from Optimar International Realty, this apartment is for sale. apartment for sale in Fort Lauderdale listed at $1,198,000, Reference A11573474

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The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.