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1175 SW 16th Ave

Fort Lauderdale, FL 33312

– beds
– baths
1,502 sqft
$775 per sqft
1987 build
– on site

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!!

Listing courtesy of MLSM / Optimar International Realty

Last checked: Checking… • Last updated Dec 20, 2024 •

MLS# A11573474 —

The Building

Year Built:

1987
Year Built Details:

Resale
Construction Materials:

Other
Architectural Style:

Fourplex
Stories:

2
Levels:

Two
Roof:

Other
Window Features:

Other
Building Area Total:

1502.0

Interior

Flooring:

Other, Terrazzo

Room Dimensions

Living Area:

1502.0
Living Area Source:

Owner

The Property

Parcel Number:

504209130421
Property Type:

ResidentialIncome
Property Subtype:

Quadruplex
Property Subtype Additional:

Quadruplex
Zoning Description:

RD-15
Lot Features:

LessThanQuarterAcre
Lot Size Units:

SquareFeet
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2022
Tax Annual Amount:

$7,351
Tax Legal Description:

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

The Listing

Virtual Tour Unbranded:

Virtual Tour

Heating & Cooling

Heating:

Central, Electric
Heating:

true
Cooling:

Electric
Cooling:

true

Utilities

Utilities:

CableNotAvailable
Sewer:

PublicSewer
Water Source:

Public

The Community

Subdivision Name:

Riverside Park Add Amen P
Spa:

False
Pool Features:

None

Parking

Parking Total:

8.0

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
12/20/24 Dec 20, 2024	Listed / Active	MLSM	$1,165,000

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This multifamily located in Riverside Park, Fort Lauderdale, FL 33312 is currently for sale for $1,165,000. 1175 SW 16th Ave is a 1,502 square foot multifamily with – beds and – baths that has been on Estately for 1 days. 1175 SW 16th Ave is in the Riverside Park neighborhood of Fort Lauderdale and has a WalkScore® of 26, making it car-dependent.

Listing Courtesy of: MLSM and Optimar International Realty.

Based on information from the MLS MIAMI 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. MLSM, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. MLSM and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.