700 SW 16th Ave new Save Request In-Person Tour Request Virtual Tour
Fort Lauderdale,FL 33312
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,047 sqft
Price per Sqft $361
Subdivision Riverside No 2
MLS Listing ID A11855351
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1970
Annual Tax Amount $14,125
Tax Year 2024
Property Sub-Type Quadruplex
Property Description
Rare investment opportunity in Fort Lauderdale — a 4-unit apartment complex at 700 SW 16th Ave. This 3,047 SF building on a spacious 10,000 SF lot includes four large and spacious 2-bedroom, 1-bath units. Each unit features central AC and individual electric meters. The property currently generates $6,700 in monthly rental income, with strong upside potential to increase rents to approximately $8,800 per month when adjusted to market rates. Ideally located minutes from I-95, Fort Lauderdale-Hollywood International Airport, downtown, and the beach, this property offers excellent access and sits in one of South Florida's fastest-growing markets.
Location
State FL
County Broward
Community Riverside No 2
Area 3342
Interior
Heating Central
Cooling Central Air
Flooring Tile,Vinyl
Exterior
Pool None
Utilities Available Cable Available
Roof Type Shingle
Total Parking Spaces 8
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 504209030110
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11855351