1175 Southwest 16th Avenue

Fort Lauderdale, FL 33312

$1,198,000
Price
Beds
1,502 Sq. Ft.
$798 / Sq. Ft.
1,502
Sq. Ft.
$798
per Sq. Ft.

Description

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...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!
  1. Listed by Rosa Poler • Optimar International Realty
  2. Listed by Kevin Poler PA • EXP Realty, LLC

Property Details for 1175 Southwest 16th Avenue

Subdivision
RIVERSIDE PARK ADD AMEN P
Style
Fourplex
Waterfront
No
Area
3470
Geographic Area
Ft Ldale SW (3470-3500;3570-3590)
Auction
No
Total Units
4
Num Stories
2

Location

Listing Courtesy of Optimar International Realty; EXP Realty, LLC
Add your commute
LISTING UPDATED: 05/01/2024 10:07 AM

Property Details for 1175 Southwest 16th Avenue

StatusActive
MLS #A11573474
Days on Market12
Taxes$7,351 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family Income / Fourplex
Year Built1987
Lot Size0.21 AC / 9,220 SF
CountyBroward County

Location

Listing Courtesy of Optimar International Realty; EXP Realty, LLC
Add your commute

Building Information for 1175 Southwest 16th Avenue

Stories-Residences4Year Built1987Building Size-Lot Size0.21 AC / 9,220 SF

Payment Calculator

$7,151 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,538

Property Taxes

$613

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1175 Southwest 16th Avenue

Location Information
Location Information
  • Parcel Number Free Text: 504209130421
  • Parcel Number MLX: 0421
  • MLS Area: 3470
  • Township Range: 5042
  • Subdivision Number: 13
  • Subdivision Complex Bldg: RIVERSIDE PARK ADD AMEN P
  • Unit Count: 4
  • Zoning Information: RD-15
General Information
Parking
  • Num Parking Spaces: 8
General Information
  • Property Type Information: Detached, Stairs
  • Approximate Lot Size: 9220
  • Lot Description: Less Than 1/4 Acre Lot
  • Spa: No
  • Pool: No
  • Construction: Other Construction
  • Construction Type: Other Construction
  • Roof Description: Other Roof
  • Flooring: Other Floors, Terrazzo Floors
  • Floor Description: Other Floors, Terrazzo Floors
Additional Property Information
Utilities
  • Heating Description: Central Heat, Electric Heat
  • Cooling Description: Electric Cooling
  • Water Description: Municipal Water
  • Sewer Description: Municipal Sewer
  • Separate Meter: Yes
  • Cable Available: No
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: None
  • Windows Treatment: Other Windows
Financial Information
Financial Information
  • Total Mortgage: $150,000
  • Type of Association: None
  • Flood Zone: X
  • Tax Year: 2022
  • Tax Information: Tax Reflects No Exemptions
  • Information Available: Copy Of Lease(S)
  • Special Assessment: No
  • PACEYN: No

Property History for 1175 Southwest 16th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1175 Southwest 16th Avenue

This home is within Broward.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Croissant Park Elementary School
PublicPK to 5

New River Middle School
Public6 to 8

Stranahan High School
Public9 to 12

Melrose High
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1175 Southwest 16th Avenue is a multi-family home for sale in Fort Lauderdale, FL 33312. This property was listed for sale on April 22, 2024 by Optimar International Realty, it's currently listed at $1,198,000. It has been on the market for a total of 12 days and was last sold on September 8, 2015. This listing's school district is Broward. Nearby schools include Croissant Park Elementary School, New River Middle School and Stranahan High School. 1175 Southwest 16th Avenue is a 0-bed, 0-bath, 1,502 sqft multi-family home built in 1987.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Optimar International Realty; EXP Realty, LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.