Multifamily in Fort Lauderdale, FL 33304

Lake Ridge, 1144 NE 16th Ter

This NE Fort Lauderdale TRIPLEX is located on a lovely landscaped corner lot in the Lakeridge neighborhood. A great rental investment just minutes to the beach. Consist of a (#1) Largest unit now vacant 1BR/1BA with screened-in porch, fireplace, updated kitchen & laundry room (#2) Nice size studio with updated kitchen (#3) spacious 1BR/1BA with tile floors throughout. Separately metered for electric and gas, RC-15 zoning, Central A/C (2015) in #1, A/C wall units for studio & apt #3, gas stoves in all three units, some new fencing, tented 11/2018, paver walkway & patio and plenty of parking. Convenient to shopping, dining, the Galleria, downtown, Las Olas Blvd and major highways. Extremely desirable location for the new or seasoned investor. No FHA or VA. Expenses: RE Taxes $6495 - INS total $5161 - Water/Sewer/Trash $2160/yr avg - Lawn $780 - Gas for #2 $216/year avg - outdoor electric $360/yr on apt #1's meter. Total Expenses $15,172/yrSeparately metered for electric and gas - #1 has a gas hot water heater other two have electric hot water heaters.Unit #1 Currently vacant. Outdoor lights are on their meter. Unit #2 lease $820/mth but gas is included. Leased thru June 2020Unit #3 lease $1100 and the gas is not included. Leased thru April 2020All sizes approximate and must be verified by the buyer.