424-428 NE 16th Avenue
Fort Lauderdale, FL 33301
- – beds
- – baths
- 2,726 sqft
- $484 per sqft
- 1939 build
- – on site
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Phenomenal Multi-Family with a Charming Victoria Park House PLUS THREE ADDITIONAL rental cottages. Prime location in the Southeast corner of Victoria Park, close to Las Olas Blvd and Fort Lauderdale Beach. This Spacious 8750 sq ft lot includes a lovely 3/2 Main House [now being used as a 2/1 & efficiency] with original hardwood floors, updated kitchen and bathrooms and a fenced in backyard. In addition, there is a detached Studio and a Duplex that includes two 1bedroom /1bath apartments. All apartments have Granite Countertops and private outdoor patio. This property generates over $116, 000 in gross annual revenue, potential to generate $140, 000+ yielding above a 7% CAP. Zoned RC-15 the city will allow up to 3 townhomes. Seller accepts Conventional Loans with only 5% Down Payment!
Last checked:
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Last updated Mar 15, 2025
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MLS# F10422748 —
The Building
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Year Built:1939
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Year Built Description:Resale
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Total Units:4
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Unit Count:4
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Construction Type:Concrete Block Construction, Frame Construction
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Style:Fourplex
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Roof Description:Flat Tile Roof, Other Roof
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Exterior Features:Deck, Fence, Open Porch, Outdoor Shower, Patio, Room For Pool
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# of Stories:1
Interior
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Floor Description:Laminate, Terrazzo Floors, Tile Floors
Room Dimensions
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SqFt Living Room Area:2,726 Sqft
Financial & Terms
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Rent Includes:Sewer, Water
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Terms Considered:Cash, Conventional, FHA, FHA-Va Approved
Location
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Directions:East Ft Lauderdale, East of US1. Take Broward East, left (North) on NE 15th Ave to Right (East) on 4th Court then Left (North) on NE 16th Ave. See 424-428 second property on the Right.
The Property
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Type of Property:Fourplex
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Property Type:Residential Income
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Property Type Information:Attached, Detached, Ranch
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Parcel Number:504202100610
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Approx Lot Size:8,750 Sqft
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Lot Description:Less Than 1/4 Acre Lot
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Zoning:RC-15
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Geographic Area:Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
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Waterfront Property:No
Listing Agent
- Contact info:
- Agent phone:
- (917) 328-4555
- Office phone:
- (954) 467-0105
Taxes
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Tax Year:2021
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Tax Amount:$12,703
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Tax Information:Tax Reflects City & County Tax
The Listing
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Special Information:As Is
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Information Available:Rent Rolls
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Auction:No
Heating & Cooling
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Cooling Description:Central Cooling, Wall/Window Unit Cooling
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Heating Description:Central Heat, No Heat
Utilities
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Water Description:Municipal Water
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Sewer Description:Municipal Sewer
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Internet:Yes
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Cable Available:Yes
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Separate Meter:Yes
The Community
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Subdivision Name:Middle River Park 5-28 B
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Subdivision Complex Bldg:Middle River Park 5-28 B
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Gated Community:No
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Pool:No
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Spa:No
Parking
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# Parking Spaces:7
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).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/25/24
Apr 25, 2024
|
Sold | GFLR | $1,320,000 | -5.6% |
|
4/9/24
Apr 9, 2024
|
Pending | GFLR | $1,399,000 | |
|
3/28/24
Mar 28, 2024
|
Sold Subject To Contingencies | GFLR | $1,399,000 |
