1175 Southwest 16th Avenue
$1,165,000
—
1,502
1,502
$776
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!
- Listed by Rosa Poler • Optimar International Realty
- Listed by Kevin Poler PA • EXP Realty LLC
Property Details for 1175 Southwest 16th Avenue
Subdivision
RIVERSIDE PARK ADD AMEN P
StyleFourplex
WaterfrontNo
Area3470
Geographic AreaFt Ldale SW (3470-3500;3570-3590)
AuctionNo
Total Units4
Num Stories2
LISTING UPDATED: 12/20/2024 12:42 PM
Property Details for 1175 Southwest 16th Avenue
Status | Active |
---|---|
MLS # | A11573474 |
Days on Market | 246 |
Taxes | $7,351 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family Income / Fourplex |
Year Built | 1987 |
Lot Size | 0.21 AC / 9,220 SF |
County | Broward County |
Building Information for 1175 Southwest 16th Avenue
Stories-Residences4Year Built1987Building Size-Lot Size0.21 AC / 9,220 SF
Property Information for 1175 Southwest 16th Avenue
Property History for 1175 Southwest 16th Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
SUNED HIGH OF SOUTH BROWARD-5053 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.
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