1175 SW 16th Ave Fort Lauderdale FL 33312 MLS #A11573474

1175 SW 16th Ave
Fort Lauderdale, FL, 33312
$1,165,000
Beds
0 Baths
1,502 SqFt
0 Acres
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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!!

Property Details

Price:
$1,165,000
MLS #:
A11573474
Status:
Active
Beds:
0
Baths:
0
Address:
1175 SW 16th Ave
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
RIVERSIDE PARK ADD AMEN P
Neighborhood:
Riverside Park Add Amen P
City:
Fort Lauderdale
Listed Date:
Apr 22, 2024
State:
FL
Finished Sq Ft:
1,502
Total Sq Ft:
1,502
ZIP:
33312
Year Built:
1987
Units:
4
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CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.

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Schools

Interior

Cooling
Electric
Flooring
Other, Terrazzo
Heating
Central, Electric

Exterior

Architectural Style
Detached
Construction Materials
Other
Parking Spots
8
Roof
Other

Financial

Tax Year
2022
Taxes
$7,351

Map

Community

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1175 SW 16th Ave
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