1175 SW 16th Ave, Fort Lauderdale FL 33312,Fort Lauderdale,Broward County,Residential Income

$1,165,000

Residential Income Active

1175 SW 16th Ave, Fort Lauderdale FL 33312

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Residential Income Active

1175 SW 16th Ave, Fort Lauderdale FL 33312,Fort Lauderdale,Broward County,Residential Income

1175 SW 16th Ave, Fort Lauderdale FL 33312

$1,165,000

Overview

Quadruplex
Property Type

1502
Square Feet

1987
Year Built

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!!

Address

Open on Google Maps

Address 16th Ave
City Fort Lauderdale
State/county Broward County
Zip/Postal Code 33312
Area RIVERSIDE PARK ADD AMEN P

Details

Updated on December 20, 2024 at 8:17 pm

Property ID: A11573474
Price: $1,165,000
Property Size: 1502 Square Feet
Year Built: 1987
Property Type: Quadruplex
Property Status: Residential Income

Additional details

StreetDirPrefix: SW
PublicSurveyRange: 5042
ShowingInstructions: 24 Hour Notice
CoListAgentDirectPhone: 305-799-7290
ListAgentKey: e0efd4c7ca1ea45a1efa629466ee4b83
TaxLegalDescription: RIVERSIDE PARK ADD AMEN PLAT 10-37 B THE N 46 OF LOTS 24,25 & 26 TOGETHER WITH W 25 OF VAC 16 AVE BLK 14
OnMarketDate: 2024-04-22
ListAgentEmail: [email protected]
ContractStatusChangeDate: 2024-04-22
MajorChangeTimestamp: 2024-07-22T13:56:10.213Z
Flooring: Other,Terrazzo
PhotosCount: 26
Cooling: Electric
StatusChangeTimestamp: 2024-04-22T13:59:42.357Z
MIAMIRE_TypeofAssociation: None
BuildingName: RIVERSIDE PARK ADD AMEN P
CoListOfficeName: EXP Realty LLC
MIAMIRE_AdjustedAreaSF: 1502
PriceChangeTimestamp: 2024-07-22T13:56:10.213Z
ListingKeyNumeric: 394848883
MajorChangeType: Price Decrease
ListingContractDate: 2024-04-22
CoListOfficeKey: 14a9ad23c4528f8801339930dc5ae018
Zoning: RD-15
ListAOR: A-Miami Association of REALTORS
MLSAreaMajor: Riverside Park Add Amen P
TaxAnnualAmount: 7351
ListOfficeName: Optimar International Realty
MIAMIRE_RATIO_CurrentPrice_By_SQFT: 775.63
OriginatingSystemKey: miamire
PhotosChangeTimestamp: 2024-04-22T14:03:51.817Z
OriginatingSystemName: Miami Association of REALTORS®
ListOfficePhone: 305-947-0477
MlsStatus: Active
StreetNumber: 1175
CoListOfficeMlsId: EXPP01
ListingKey: b5eafc9df5d3161fef270edc9d00419f
StateOrProvince: FL
CoListAgentEmail: [email protected]
ListOfficeKey: 5e8117f94fbfeaee0ae7791b7c5d88e2
BridgeModificationTimestamp: 2024-12-20T17:45:51.125Z
ListAgentFullName: Rosa Poler
Roof: Other
ParkingTotal: 8
ListAgentOfficePhone: 305-947-0477
Stories: 2
ParcelNumber: 504209130421
ListingTerms: All Cash,Conventional
YearBuiltDetails: Resale
OtherExpense: 0
CoListAgentOfficePhone: 888-883-8509
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
ListAgentMlsId: 3268052
WaterSource: Municipal Water
StoriesTotal: 2
ModificationTimestamp: 2024-12-20T17:42:19.233Z
OriginatingSystemID: miamire
PreviousListPrice: 1198000
DaysOnMarket: 242
ListOfficeMlsId: OPTI01
ListAgentDirectPhone: 954-235-4046
CoListAgentFullName: Kevin Poler
CoListAgentKey: 4fd22d97ce067d2efac5b903ddacf15b
StreetNumberNumeric: 1175
CoListAgentStateLicense: 3389318
PostalCodePlus4: 3213
NumberOfUnitsInCommunity: 4
Sewer: Public Sewer
SyndicationRemarks: 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!!
Heating: Central,Electric
MIAMIRE_LPAmtSqFt: 775.6325
StructureType: Quadruplex,Fourplex
BuildingAreaSource: Owner
ListAgentStateLicense: 3268052
CoListAgentMlsId: 3389318
PublicSurveyTownship: 5042
StreetName: 16th Ave
ListOfficeFax: 305-930-7418
ListingAgreement: Exclusive Right To Sell
WindowFeatures: Other Windows
OriginalListPrice: 1198000
BuildingAreaUnits: Square Feet
RentIncludes: None
InternetEntireListingDisplayYN: 1
TaxYear: 2022
OriginalEntryTimestamp: 2024-04-22T13:59:42.357Z
SourceSystemKey: 394848883
LotFeatures: Less Than 1/4 Acre Lot
DocumentsAvailable: Copy Of Lease(S)
ConstructionMaterials: Other
MIAMIRE_Style: Fourplex
NumberOfUnitsTotal: 4
LotSizeSquareFeet: 0
ArchitecturalStyle: Detached
CoListOfficePhone: 888-883-8509
BuildingAreaTotal: 1502