$1,165,000
16th Ave

1175 SW 16th Ave, Fort Lauderdale FL 33312

Beds

Baths

SQFT 0

Garage

38 Years Built

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Home Details

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!!

Other Interior Features

Heating
Central, Electric
Appliances
Living Area - SqFt
1502
Inside
Total - SqFt
0

General

MLS#
A11573474
Architectural Style
Detached
Bathroom Features
Living Area - SqFt
1502
Construction Materials
Other
Window Features
Other Windows
Total - SqFt
0

Neighbourhood

MELROSE PARK SECTION 2
MIDLAND 1ST ADD

Location

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!!

Schedule Visit

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