South Florida
Riverside Park, 1175 SW 16th Ave Fort Lauderdale, 33312
1,198,000(-2.75% )
$1,165,000Price
1,502SqFt
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Size: 1,502 ft2 / 140 m2
Price: $776 ft2 / $8,349 m2
Built: 1987
MLS Number: A11573474
On Site: 213 Days
Updated: 51 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!!
Price History
07/22/2024
Date
Price Reduced
Event
$1.2M
Price
-2.75%
Change Rate
$776 ft2 / $8,349 m2
Price Per
04/21/2024
Date
Listed
Event
$1.2M
Price
$798 ft2 / $8,585 m2
Price Per
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 .
Instant Comparative Market Analysis
$100/ft²
$300/ft²
$700/ft²
$1,000/ft²
Unit 1175 SW 16th Ave – Asking
$776/ft²
(+104%) from Closed Medium $/ft²
Closed Medium $/ft²
$380/ft²
Community $/Price Range (Closed) $263/ft² – $870/ft²
No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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