700 SW 16th Ave, Fort Lauderdale FL 33312
Basics
- Price per sqft: $344.60
- Category: Residential Income
- Type: Quadruplex
- Status: Active
- Floors: 1
- Area: 3047 sq ft
- Lot size: 0 sq ft
- Year built: 1970
- Year remodeled: Resale
- MLS ID: A11855351
Description
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Description:
Rare investment opportunity in Fort Lauderdale — a 4-unit apartment complex at 700 SW 16th Ave. This 3,047 SF building on a spacious 10,000 SF lot includes four large and spacious 2-bedroom, 1-bath units. Each unit features central AC and individual electric meters. The property currently generates $6,700 in monthly rental income, with strong upside potential to increase rents to approximately $8,800 per month when adjusted to market rates. Ideally located minutes from I-95, Fort Lauderdale-Hollywood International Airport, downtown, and the beach, this property offers excellent access and sits in one of South Florida’s fastest-growing markets.
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Location
- Neighborhoods: RIVERSIDE NO 2
Building Details
- Floor covering: Tile, Vinyl
- Exterior material: CBS Construction, Concrete Block Construction
- Roof: Shingle
- Parking: 8