FL > Fort Lauderdale > Riverside No 2
Fort Lauderdale, FL 33312,700 SW 16th Ave
Fort Lauderdale, FL 33312,700 SW 16th Ave
Fort Lauderdale, FL 33312,700 SW 16th Ave
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$1,100,000
Est. payment /mo
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3,047 SqFt
New

700 SW 16th Ave Fort Lauderdale, FL 33312

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Cher Varghese

Cher Varghese

+1(954) 643-3601

UPDATED:

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

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fausto Commercial Realty Consultants Inc

Learn More About LPT Realty

agent

Cher Varghese

Agent | License ID: 3292935

+1(954) 643-3601

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700 SW 16th Ave