1185 SW 16th Ave Fort Lauderdale FL 33312 MLS #A11735110

1185 SW 16th Ave
Fort Lauderdale, FL, 33312
$1,140,000
Beds
0 Baths
1,502 SqFt
0 Acres
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New Listing – Prime Multifamily Investment Opportunity in Fort Lauderdale
Discover an exceptional chance to secure a profitable asset in a rapidly developing neighborhood. This property features two standalone buildings, each offering two spacious 2BR/2BA units (four total). Currently generating $90K+ in annual income and approximately $70K in NOI (a 6%+ CAP), this investment has clear upside potential with nearby comps suggesting $110K+ in possible annual income after upgrades.Each building boasts 1,502 SF of well-maintained living space, set on a combined 9,220 SF lot. Surrounded by new developments in a gentrifying location, this is a rare opportunity to add value through modern renovations and strategic improvements.

Property Details

Price:
$1,140,000
MLS #:
A11735110
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
1185 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:
Jan 29, 2025
State:
FL
Finished Sq Ft:
1,502
Total Sq Ft:
1,502
ZIP:
33312
Year Built:
1988
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CENTURY 21 Carioti

CENTURY 21 Carioti

Florida, Real Estate

Phone 800 783-8847

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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Construction Materials
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Parking Spots
4
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Financial

Tax Year
2023
Taxes
$7,878

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disclosure
Courtesy of Optimar International Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Miami, FL. All rights reserved.
Rover IDX
1185 SW 16th Ave
Fort Lauderdale, FL