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Residential Income
$1,198,000
1175 SW 16th Ave Fort Lauderdale, FL

A11573474

183 of 413 for Sale
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an agent
  • Listed On:

    Apr 22, 2024
  • Days on Market:

    27
  • Year:

  • Taxes:

    $7,351 per year
  • Floor Description:

    Other, Terrazzo
  • Occupancy:

  • Zoning:

  • Parking:

1175 SW 16th Ave Fort Lauderdale, FL Excellent investment opportunity in Fort Lauderdale with this multifamily with two independent buildings. Each building has two 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!!

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For Sale Details

  • Floor Description

    Other, Terrazzo

  • Heating Description

    Central, Electric

  • Photo Count

    26

  • Property Type

    Residential Income

  • Terms Considered

    All Cash, Conventional

  • Year Built

    1987

Any questions about Residential Income?
Contact our Fort Lauderdale Real Estate Specialist today.

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