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!!
Property Details
Price:
$1,165,000
MLS #:
A11573474
Status:
Active
Beds:
0
Baths:
0
Address:
1175 SW 16th Ave
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
RIVERSIDE PARK ADD AMEN P
Neighborhood:
Riverside Park Add Amen P
City:
Fort Lauderdale
Listed Date:
Apr 22, 2024
State:
FL
Finished Sq Ft:
1,502
Total Sq Ft:
1,502
ZIP:
33312
Year Built:
1987
Units:
4
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Schools
Interior
Cooling
Electric
Flooring
Other, Terrazzo
Heating
Central, Electric
Exterior
Architectural Style
Detached
Construction Materials
Other
Parking Spots
8
Roof
Other
Financial
Tax Year
2022
Taxes
$7,351
Map
Community
- Address1175 SW 16th Ave Fort Lauderdale FL
- SubdivisionRIVERSIDE PARK ADD AMEN P
- CityFort Lauderdale
- CountyBroward County
- Zip Code33312
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