Multifamily in Fort Lauderdale, FL 33312Riverside Park, 1175 SW 16th Ave #1-2
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OFF MARKET
1,502
SqFtStatus
OFF MARKETExpired
Size
1,502 SqFt (140 m2)
Price
$776/SqFt ($8,349/m2)
Type
Multifamily
Built
1987
MLS Number
A11573474
On Site
872 Days
Updated
630 Days ago
Page Views
0
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!!
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Central,Electric
- Cooling Description: Electric
Building and Construction
- Floor Description: Other,Terrazzo
- Windows/Treatment: Other
- Year Built: 1987
- Year Built Description: Resale
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2024-04-22T09:59:42.000-00:00
Taxes, Fees & More
- Taxes: 7351
Apples-to-Apples Comparables
Price History
Current
$1.2M
High
$1.2M
Low
$1.2M
Total Change
-2.8%Date
Event
Price
Change
Price Per
07/22/2024
Price Reduced
$1.2M
-2.75%$776 ft2
$8,349 m2
04/21/2024
Listed
$1.2M
 $798 ft2
$8,585 m2
07/22/2024
$1.2M
Event
Price Reduced
Change
-2.75%Price Per
$776 ft2
$8,349 m2
04/21/2024
$1.2M
Event
Listed
Price Per
$798 ft2
$8,585 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Rosa Poler • Optimar International Realty • Buyer Agency Compensation .
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Scores
46
100
38
100
65
100
77
100
0
100
29
100
0
100
Community Snapshot
2 – 6 BR
Bedrooms
$220K – $14M
Price Tier
607 - 6,658
SqFt Range
1959
Year Build
1
Total Floors
Subdivision Amenities
None
Playground
Pool
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- 76 Isle Of Venice Mixed2
- 900 Place Townhouse0
- Aldens Mixed1
- Allenwood Multifamily2
- Alta Vista Terrace Land1
- Americas On The Park Condo2
- Aquavue Las Olas Condo0
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- Avenue Lofts Condo4
- Bal Harbour Mixed5
- Bamboo Flats Townhouse3
- Bay Club Condo0
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- Gulfstream Of Las Olas Condo1
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Riverside Park Communities in Fort Lauderdale, FL
High-End
High-End 1
Mid-Tier
Mid-Tier 4
Premium
Premium 2
Entry-Level
Entry-Level 2
Inactive Segment
Inactive Segment 1
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