About 1175 Sw 16th Ave
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!!
Features of 1175 Sw 16th Ave
| MLS® # | A11573474 |
|---|---|
| Price | $1,198,000 |
| Square Footage | 1,502 |
| Year Built | 1987 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Style | Fourplex |
| Status | Active |
Community Information
| Address | 1175 Sw 16th Ave |
|---|---|
| Area | 3470 |
| Subdivision | RIVERSIDE PARK ADD AMEN P |
| City | Fort Lauderdale |
| County | Broward County |
| State | FL |
| Zip Code | 33312-3213 |
Amenities
| Utilities | Cable Not Available |
|---|---|
| # of Parking Spaces | 8 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Flooring | Other, Terrazzo |
|---|---|
| Heating | Central, Electric |
| Cooling | Electric |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Windows | Other |
|---|---|
| Roof | Other |
| Construction | Other |
| Lot Features | < 1/4 Acre |
| Sewer | Public Sewer |
Additional Information
| Date Listed | April 22nd, 2024 |
|---|---|
| Days on Market | 24 |
| Zoning Description | RD-15 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Rent Includes | None |
| Year Built Details | Resale |
| Tax Annual Amount | $7,351 |
| Tax Year | 2022 |
| Buyer Agent Compensation | 2% |
Unit 1 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $1,860 |
| Features | Parking:Open Parking, Air Conditioning Unit, Electric Meter, Range, Refrigerator |
| Furnished | Unfurnished |
Unit 2 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $1,860 |
| Features | Parking:Open Parking, Air Conditioning Unit, Electric Meter, Range, Refrigerator |
| Furnished | Unfurnished |
Unit 3 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $1,860 |
| Features | Parking:Open Parking, Air Conditioning Unit, Electric Meter, Range, Refrigerator |
| Furnished | Unfurnished |
Unit 4 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $1,860 |
| Features | Parking:Open Parking, Air Conditioning Unit, Electric Meter, Range, Refrigerator |
| Furnished | Unfurnished |
Listing Details
| Office | Optimar International Realty |
|---|