1175 SW 16th Ave, Fort Lauderdale, 33312
Listing UP for Sale
1175 SW 16th Ave, Fort Lauderdale, 33312
Overview
- Property Type
- Quadruplex
- 1502
- sqft
- 1987
- Year Built
Description
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!!
Address
Open on Google Maps- Address 1175 SW 16th Ave
- City Fort Lauderdale
- State/county Florida
- Zip/Postal Code 33312
- Area Broward County
Details
Updated on May 1, 2024 at 8:15 pm- Property ID: A11573474
- Price: $1,165,000
- Property Size: 1502 sqft
- Year Built: 1987
- Property Type: Quadruplex
- Property Status: Listing UP for Sale
Listing Agent Contact Information
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