1185 SW 16th Ave, Fort Lauderdale, 33312
Listing UP for Sale
1185 SW 16th Ave, Fort Lauderdale, 33312
Overview
- Property Type
- Quadruplex
- 1502
- sqft
- 1988
- Year Built
Description
New Listing – Prime Multifamily Investment Opportunity in Fort Lauderdale
Discover an exceptional chance to secure a profitable asset in a rapidly developing neighborhood. This property features two standalone buildings, each offering two spacious 2BR/2BA units (four total). Currently generating $90K+ in annual income and approximately $70K in NOI (a 6%+ CAP), this investment has clear upside potential with nearby comps suggesting $110K+ in possible annual income after upgrades.Each building boasts 1,502 SF of well-maintained living space, set on a combined 9,220 SF lot. Surrounded by new developments in a gentrifying location, this is a rare opportunity to add value through modern renovations and strategic improvements.
Address
Open on Google Maps- Address 1185 SW 16th Ave
- City Fort Lauderdale
- State/county Florida
- Zip/Postal Code 33312
- Area Broward County
Details
Updated on February 4, 2025 at 5:29 pm- Property ID: A11735110
- Price: $1,140,000
- Property Size: 1502 sqft
- Year Built: 1988
- Property Type: Quadruplex
- Property Status: Listing UP for Sale
Listing Agent Contact Information
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