420 Se 16th St 420, Fort Lauderdale

$799,000

3 Beds
3 Baths
1,620 Sqft
0 Acre
2 Garages

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.

Essential Information
MLS® #F10437259
Price$799,000
Bedrooms3
Bathrooms3.00
Full Baths2
Half Baths1
Square Footage1,620
Acres0.00
Year Built2016
TypeCondo / Townhouse
Sub-TypeTownhouse
StyleTownhouse Fee Simple
StatusActive
Community Information
Address420 Se 16th St 420
Area3800
SubdivisionMackenzie Manor
Condo NameMackenzie Manor
CityFort Lauderdale
CountyBroward County
StateFL
Zip Code33316-2530
Amenities
AmenitiesExterior Lighting
Parking Spaces2
ParkingFee Simple Garage
# of Garages2
GaragesAttached
ViewGarden View
Interior
Interior FeaturesFirst Floor Entry
HeatingCentral Heat
CoolingCeiling Fans, Central Cooling
Appliances

Automatic Garage Door Opener, Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer

Exterior Features

High Impact Doors, Open Balcony

Windows

High Impact Windows, Impact Glass

Construction

Concrete Block Construction, Stucco Exterior Construction, Slab Construction

Additional Information
Days on Market16
HOA Fees400
HOA Fees Freq.Monthly
Listing Details
OfficeFlagler Duval
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