FL > Fort Lauderdale > Riverside Park Add Amen P
Fort Lauderdale, FL 33312,1175 SW 16th Ave
Fort Lauderdale, FL 33312,1175 SW 16th Ave
Fort Lauderdale, FL 33312,1175 SW 16th Ave
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$1,165,000
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1,502 SqFt
Active

1175 SW 16th Ave Fort Lauderdale, FL 33312

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Gustavo Pacheco

Gustavo Pacheco

+1(305) 492-9705

UPDATED:

09/30/2024 09:35 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,502 sqft

Price per Sqft $775

Subdivision Riverside Park Add Amen P

MLS Listing ID A11573474

Style Fourplex

Construction Status Resale

HOA Y/N No

Year Built 1987

Annual Tax Amount $7,351

Tax Year 2022

Property 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!!

Location

State FL

County Broward

Community Riverside Park Add Amen P

Area 3470

Interior

Heating Central, Electric

Cooling Electric

Flooring Other, Terrazzo

Window Features Other

Exterior

Pool None

Utilities Available Cable Not Available

Waterfront No

Roof Type Other

Total Parking Spaces 8

Building

Lot Description < 1/4 Acre

Story 2

Sewer Public Sewer

Water Public

Architectural Style Fourplex

Level or Stories Two

Structure Type Other

Construction Status Resale

Others

Tax ID 504209130421

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Optimar International Realty

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Gustavo Pacheco

Real Estate Specialist | License ID: 3187382

+1(305) 492-9705

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1175 SW 16th Ave