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424-428 NE 16th Avenue, Fort Lauderdale, Florida 33301

Active For Sale
$1,499,000
  • Beds 0
  • Baths 0
  • Sq Ft 2,726 Sqft
  • Visits: 11 in 17 days

Description

Phenomenal Multi-Family consists of a Charming Victoria Park House PLUS THREE ADDITIONAL separate rental cottages. Prime location in the Southeast corner of Victoria Park, close to Las Olas Blvd and Fort Lauderdale Beach. This Spacious 8750 sq ft lot includes a lovely 3/2 Main House [now being used as a 2/1 & efficiency] with original hardwood floors, updated kitchen and bathrooms and a fenced in backyard. In addition, there is a detached Studio and a Duplex that includes two 1bedroom /1bath apartments. All apartments have Granite Countertops and private outdoor patio. This property generates over $116, 000 in gross annual revenue, potential to generate $140, 000+ yielding above a 7% CAP. All units can be converted into Airbnb! Seller accepts Conventional Loans with only 5% Down Payment!

Features

  • Heating System: No Heat, Central Heat
  • Cooling System: Central Cooling, Wall/window Unit Cooling

Address Map

  • Country: US
  • State: FL
  • County: Broward
  • City: Fort Lauderdale
  • Subdivision: Middle River Park 5-28 B
  • Zipcode: 33301
  • Street: 16th Avenue
  • Street Number: 424-428
  • Floor Number: 0
  • Longitude: W81° 52' 21.1''
  • Latitude: N26° 7' 28.3''
  • Directions: East Ft Lauderdale, East of US1. Take Broward East, left (North) on NE 15th Ave to Right (East) on 4th Court then Left (North) on NE 16th Ave. See 424-428 second property on the Right.
  • Street Dir Prefix: NE
  • MLS Area: 3270

MLS Addon

  • Architectural Style: Fourplex
  • Association Fee: $0
  • Close Price: $0
  • Exterior Features: Deck, Patio, Fence, Outdoor Shower, Room For Pool, Open Porch
  • Flooring: Laminate, Tile Floors, Terrazzo Floors
  • Garage Spaces: 0
  • Insurance Expense: $0
  • Lot Features: Less Than 1/4 Acre Lot
  • New Taxes Expense: $0
  • Stories Total: 0
  • Tax Annual Amount: $12,703
  • Tax Year: 2021

Location

Listing Updated: 2024-02-23 00:35:56

  • Property Type : Residential Income
  • Property Sub Type : Fourplex
  • Listing Type : For Sale
  • Listing ID : F10422748
  • Price : $1,499,000
  • View : Canal
  • Bedrooms : 0
  • Bathrooms : 0
  • Full Bathrooms : 0
  • Half Bathrooms : 0
  • Square Footage : 2,726 Sqft
  • Year Built : 1939
  • Lot Area : 0 Acre
  • Listing Status : Active
  • Days On Market : 16
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