424-428 Northeast 16th Avenue

Fort Lauderdale, FL 33301

$1,320,000
Last Sold Price
Beds
2,726 Sq. Ft.
$484 / Sq. Ft.
2,726
Sq. Ft.
$484
per Sq. Ft.

Description

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...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!
  1. Listed by Dave Bartol • The Keyes Company • (917) 328-4555

Property Details for 424-428 Northeast 16th Avenue

Subdivision Name
Middle River Park 5-28 B
Style
Fourplex
Waterfront
No

Location

Listing Courtesy of The Keyes Company

Sold By Florida Capital Realty

Add your commute
LISTING UPDATED: 04/26/2024 01:38 PM

Property Details for 424-428 Northeast 16th Avenue

StatusClosed Sale
MLS #F10422748
Days on Market50
Taxes$12,703 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1939
Lot Size-
CountyBroward County

Location

Listing Courtesy of The Keyes Company

Sold By Florida Capital Realty

Add your commute

Building Information for 424-428 Northeast 16th Avenue

Stories-Residences4Year Built1939Building Size-Lot Size-

Payment Calculator

$8,262 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,204

Property Taxes

$1,059

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 424-428 Northeast 16th Avenue

General Information
General Information
  • Sq Ft Liv Area: 2726.0
  • Information Available: Rent Rolls
  • Township Range: 5042
  • Street Number: 424-428
  • Street Direction Prefix: NE
  • Street Name: 16th Avenue
  • County Or Parish: Broward County
  • Postal Code: 33301
  • City and Location Text: Fort Lauderdale
  • Pets On Premises YN: Yes
  • City Postal ID: 33301
Maintenance / Tax Information
  • Tax Amount: $12,703
  • Tax Information: Tax Reflects City & County Tax
  • Tax Year: 2021
Building Information
  • Property Type: Residential Income
  • Property Type Information: Attached, Detached, Ranch
  • Subdivision Complex Bldg: Middle River Park 5-28 B
  • Total Units: 4
  • Type of Property: Fourplex
  • Year Built Numeric: 1939
  • Year Built Description: Resale
  • MLS Area: 3270
Virtual Tour / Features / Utilities
Interior
  • Floor Description: Laminate, Terrazzo Floors, Tile Floors
  • Spa: No
  • Flooring: Laminate, Terrazzo Floors, Tile Floors
Exterior
  • Exterior Features: Deck, Fence, Open Porch, Outdoor Shower, Patio, Room For Pool
  • Construction Type: Concrete Block Construction, Frame Construction
  • Pool: No
  • Roof Description: Flat Tile Roof, Other Roof
  • Construction: Concrete Block Construction, Frame Construction
  • Roof: Flat Tile Roof, Other Roof
Waterfront
  • Water Description: Municipal Water
Utilities
  • Cooling Description: Central Cooling, Wall/Window Unit Cooling
  • Heating Description: Central Heat, No Heat
  • Cable Available: Yes
  • Separate Meter: Yes
  • Sewer Description: Municipal Sewer
Property / Lot Information
Building Information
  • Unit Count: 4
  • Type of Association: None
  • Zoning Information: RC-15
  • Num Parking Spaces: 7
  • Num Stories: 1
Community Information
  • Gated Community YN: No
  • Property Management: No
Location Information
  • Area: 3270
  • 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.
  • Geographic Area: Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
  • Parcel Number Free Text: 504202100610
  • Section: 2
  • State: FL
Lot Information
  • Approximate Lot Size: 8750
  • Lot Description: Less Than 1/4 Acre Lot
Rent Information
Rent Information
  • Rent Includes: Sewer, Water

Property History for 424-428 Northeast 16th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 424-428 Northeast 16th Avenue

Taxable ValueLand$218,750Additions$560,050Total$778,800
Tax Record2023$16,644 ($1,387 / month)
Home Facts
Total Finished SqFt2,726 SqFtAbove Grade Finished SqFt2,726 SqFtStories1Lot Size8,750 SqFtStyleMulti-Family Dwelling (2-4)Year Built1939Year Renovated1940ZoningRC-15CountyBROWARDAPN50-42-02-10-0610

Schools near 424-428 Northeast 16th Avenue

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

Sunrise Middle School
Public6 to 8

Fort Lauderdale High School
Public9 to 12

Virginia Shuman Young Elementary School
PublicPK to 5

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.

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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 The Keyes Company

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.