Eric Miller
Cell: 954-383-8170
1175 Sw 16th Ave, Fort Lauderdale
$1,198,000
0 Bed
0 Bath
1,502 Sqft
0 Acre
0 Garage
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!!
Essential Information
MLS® #A11573474
Price$1,198,000
Bathrooms0.00
Square Footage1,502
Acres0.00
Year Built1987
TypeResidential Income
Sub-TypeQuadruplex
StyleFourplex
StatusActive
Community Information
Address1175 Sw 16th Ave
Area3470
SubdivisionRIVERSIDE PARK ADD AMEN P
CityFort Lauderdale
CountyBroward County
StateFL
Zip Code33312-3213
Amenities
UtilitiesCable Not Available
Interior
InteriorOther, Terrazzo
HeatingCentral, Electric
CoolingElectric
# of Stories2
StoriesTwo
Exterior
WindowsOther
RoofOther
ConstructionOther
Additional Information
Date ListedApril 22nd, 2024
Days on Market11
Listing Details
Listing Courtesy ofOptimar International Realty
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