420 SE 16th St Unit 420, Fort Lauderdale, Florida 33316

Map

Active For Sale

$799,000

Beds 3
Baths 3
Sq Ft 1,620 Sqft
Visits: 6 in 132 days

Call Josh Dotoli

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. 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.

Features

Heating System: Central
Cooling System: Central Air, Ceiling Fan(s)
Pet Policy: Number Limit
Security: Complex Fenced
Patio: Balcony, Open
Parking: Garage, Garage Door Opener, Attached, Deeded

Appliances

Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer, Disposal, Washer/dryer

Address Map

Country: US
State: FL
County: Broward
City: Fort Lauderdale
Subdivision: Mackenzie Manor
Zipcode: 33316
Street: 16th St
Street Number: 420
Floor Number: 0
Longitude: W81° 51′ 43”
Latitude: N26° 6′ 7”
UnitNumber: 420
Directions: Federal Hwy to SE 16th Street going west. Townhome community on the south side.
Street Dir Prefix: SE
MLS Area: 3800

MLS Addon

Association Fee: $400
Association Fee Frequency: Monthly
Association Fee Includes: Maintenance Structure, Common Areas, Maintenance Grounds, Association Management, Legal/accounting
Building Features: Exterior Lighting
Close Price: $0
Community Features: Non-gated
Exterior Features: Balcony, Security/high Impact Doors
Flooring: Tile
Garage Spaces: 2
Insurance Expense: $0
Interior Features: Dual Sinks, First Floor Entry, Living/dining Room, Upper Level Primary, Eat-in Kitchen, Main Living Area Entry Level, Breakfast Bar
Levels: Two
Listing Terms: Cash, Conventional
New Taxes Expense: $0
Stories: 2
Stories Total: 2
Tax Annual Amount: $8,683
Tax Year: 2023
Utilities: Cable Available
Window Features: Impact Glass

Location

Listing Updated: 2024-09-01 02:46:45

Property Type : Townhouse
Property Sub Type : Townhouse
Listing Type : For Sale
Listing ID : F10437259
Price : $799,000
View : Pool Area View,water View
Bedrooms : 3
Bathrooms : 3
Full Bathrooms : 2
Half Bathrooms : 1
Square Footage : 1,620 Sqft
Year Built : 2016
Lot Area : 0 Acre
Listing Status : Active
Days On Market : 131

Contact Agent

Josh Dotoli

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