1185 SW 16th Ave
Fort Lauderdale, FL 33312
- – beds
- – baths
- 1,502 sqft
- $758 per sqft
- 1988 build
- – on site
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.
Last checked:
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Last updated Feb 4, 2025
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MLS# A11735110 —
The Building
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Year Built:1988
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Year Built Details:Resale
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Construction Materials:Block, Other
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Architectural Style:Fourplex
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Stories:2
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Levels:Two
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Roof:Other
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Building Area Total:1502.0
Interior
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Flooring:CeramicTile
Room Dimensions
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Living Area:1502.0
The Property
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Parcel Number:504209130420
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Property Type:ResidentialIncome
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Property Subtype:Quadruplex
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Property Subtype Additional:Quadruplex
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Zoning Description:RD-15
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Lot Features:LessThanQuarterAcre
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Lot Size Units:SquareFeet
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (954) 235-4046
- Office phone:
- (305) 947-0477
Taxes
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Tax Year:2023
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Tax Annual Amount:$7,878
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Tax Legal Description:RIVERSIDE PARK ADD AMEN PLAT 10-37 B LOT 24 TO 26 LESS N 46 THEREOF TOGETHER WITH W 25 OF VAC 16 AVE BLK 14,LESS STRIP OF LAND OVER & ACROSS
The Listing
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Virtual Tour Unbranded:
Heating & Cooling
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Heating:Electric
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Heating:true
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Cooling:Electric
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Cooling:true
Utilities
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Utilities:CableNotAvailable
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Sewer:PublicSewer
The Community
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Subdivision Name:Riverside Park Add Amen P
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Pool Features:None
Parking
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Parking Total:4.0
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/3/25
Feb 3, 2025
|
Listed / Active | MLSM | $1,140,000 |
