420 Southeast 16th Street, Unit 420
$799,000
3
2
1
1,620
1,620
$493
Description
Discover an exceptional investment opportunity in downtown Fort Lauderdale with this fully leased townhome community, boasting a seamless operation managed by a reputable sober living company owned by a New York REIT for past 7 years. Current rental rate is $4,800/month. Renewal term is 5 years @ $5,200/month. Corporate tenant pays all utilities and repairs. The HOA management handles rental collections and repairs for all unit owners. This is a turn key investment with minimal effort for owner/investor....Discover an exceptional investment opportunity in downtown Fort Lauderdale with this fully leased townhome community, boasting a seamless operation managed by a reputable sober living company owned by a New York REIT for past 7 years. Current rental rate is $4,800/month. Renewal term is 5 years @ $5,200/month. Corporate tenant pays all utilities and repairs. The HOA management handles rental collections and repairs for all unit owners. This is a turn key investment with minimal effort for owner/investor. 3 bedroom 2.5 bath unit featuring 2 levels, w/ balcony and a two car garage. Great steady investment with appreciation upside, being a fee simple townhome in down town Fort Lauderdale, next to Whole Foods, the famous SE 17th St Causeway bridge and a short ride to the beach.
- Listed by Scott Coloney • Flagler Duval
Property Details for 420 Southeast 16th Street, Unit 420
Subdivision Name
Mackenzie Manor
Complex NameMackenzie Manor
StyleTownhouse Fee Simple
WaterfrontNo
ViewGarden View
Unit ViewGarden View
LISTING UPDATED: 04/30/2024 09:09 PM
Property Details for 420 Southeast 16th Street, Unit 420
Status | Active |
---|---|
MLS # | F10437259 |
Days on Market | 239 |
Taxes | $8,683 / year |
HOA Fees | $400 / month |
Condo/Co-op Fees | $400 / month |
Compass Type | Townhouse |
MLS Type | Condo/Co-Op/Villa/Townhouse / Townhouse |
Year Built | 2016 |
Lot Size | - |
County | Broward County |
Building Information for 420 Southeast 16th Street, Unit 420
Stories2Residences-Year Built2016Lot Size-
Property Information for 420 Southeast 16th Street, Unit 420
Property History for 420 Southeast 16th Street, Unit 420
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 420 Southeast 16th Street, Unit 420
This home is within Broward.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Croissant Park Elementary School PublicPK to 5 | ||
New River Middle School Public6 to 8 | ||
Stranahan High School Public9 to 12 | ||
Charter School Of Excellence CharterK 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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