640 Southwest 16th Avenue

Fort Lauderdale, FL 33312

$2,300,000
Price
Beds
4,855 Sq. Ft.
$474 / Sq. Ft.
4,855
Sq. Ft.
$474
per Sq. Ft.

Description

Exceptional investment opportunity! This beautifully renovated Fourplex in the highly sought-after Riverside Park neighborhood, just moments from Downtown Fort Lauderdale, offers an impressive rental potential. Property Highlights: Unit Breakdown: Two units featuring 3 bedrooms and 2 bathrooms each, and two units offering 4 bedrooms and 2 bathrooms each. Recently updated with fresh paint and modern finishes throughout. IMPACT WINDOWS, security cameras, and a convenient on-site laundry room. ROOF...Exceptional investment opportunity! This beautifully renovated Fourplex in the highly sought-after Riverside Park neighborhood, just moments from Downtown Fort Lauderdale, offers an impressive rental potential. Property Highlights: Unit Breakdown: Two units featuring 3 bedrooms and 2 bathrooms each, and two units offering 4 bedrooms and 2 bathrooms each. Recently updated with fresh paint and modern finishes throughout. IMPACT WINDOWS, security cameras, and a convenient on-site laundry room. ROOF Only 10 years old, ensuring reliability and longevity. Located in a prime area with strong rental demand, this property combines updated amenities with a strategic location. Perfect for investors seeking a turnkey asset with excellent income potential. Don't miss out on this fantastic opportunity!
  1. Listed by Mirella Schnars PA • Real Estate Empire Group, Inc.
  2. Listed by Margette Stovall • Real Estate Empire Group, Inc.

Property Details for 640 Southwest 16th Avenue

Subdivision
RIVERSIDE NO 2
Style
Fourplex
Waterfront
No
Area
3470
Geographic Area
Ft Ldale SW (3470-3500;3570-3590)
Auction
No
Num Stories
2
Sq Ft Total
4855
LISTING UPDATED: 09/13/2024 06:00 PM

Property Details for 640 Southwest 16th Avenue

StatusActive
MLS #A11658637
Days on Market68
Taxes$12,682 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family Income
Year Built1965
Lot Size-
CountyBroward County

Building Information for 640 Southwest 16th Avenue

Stories-Residences-Year Built1965Building Size-Lot Size-

Property Information for 640 Southwest 16th Avenue

Location Information
Location Information
  • Parcel Number Free Text: 504209030061
  • Parcel Number MLX: 0061
  • MLS Area: 3470
  • Township Range: 50
  • Section: 9
  • Subdivision Number: 3
  • Subdivision Complex Bldg: RIVERSIDE NO 2
  • Unit Count: 4
  • Zoning Information: RM-15
General Information
Parking
  • Num Parking Spaces: 8
General Information
  • Property Type Information: Detached
  • Lot Description: Less Than 1/4 Acre Lot
Additional Property Information
Utilities
  • Heating Description: Central Heat
  • Cooling Description: Central Cooling
  • Sewer Description: Municipal Sewer
  • Separate Meter: No
  • Cable Available: Yes
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: None
Financial Information
Financial Information
  • Total Mortgage: $58,173
  • Type of Association: None
  • Flood Zone: AE
  • Tax Year: 2023
  • Tax Information: Tax Reflects No Homestead Tax
  • Special Information: As Is
  • Information Available: Copy Of Lease(S)

Property History for 640 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 640 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.

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640 Southwest 16th Avenue is a multi-family home for sale in Fort Lauderdale, FL 33312. This property was listed for sale on September 13, 2024 by Real Estate Empire Group, Inc., it's currently listed at $2,300,000. It has been on the market for a total of 68 days and was last sold on August 7, 2014. This listing's school district is Broward. Nearby schools include Croissant Park Elementary School, New River Middle School and Stranahan High School. 640 Southwest 16th Avenue is a 0-bed, 0-bath, 4,855 sqft multi-family home built in 1965.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Estate Empire Group, Inc.

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.