Multifamily in Fort Lauderdale, FL 33312Riverside Park, 1185 SW 16th Ave #1-2
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Closed
1,502
SqFtStatus
Sold - Mar 27, 2025
Size
1,502 SqFt (140 m2)
Price
$726/SqFt ($7,811/m2)
Type
Multifamily
Built
1988
MLS Number
A11735110
On Site
585 Days
Updated
14 Days ago
Page Views
0
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.
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Electric
- Cooling Description: Electric
Building and Construction
- Floor Description: CeramicTile
- Year Built: 1988
- Year Built Description: Resale
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2025-02-03T11:40:20.000-00:00
Taxes, Fees & More
- Taxes: 7878
Apples-to-Apples Comparables
Price History
Current
$1.1M
High
$1.1M
Low
$1.1M
Total Change
-4.4%Date
Event
Price
Change
Price Per
03/27/2025
Sold
$1.1M
-4.39%$726 ft2
$7,811 m2
01/30/2025
Listed
$1.1M
$759 ft2
$8,170 m2
03/27/2025
$1.1M
Event
Sold
Change
-4.39%Price Per
$726 ft2
$7,811 m2
01/30/2025
$1.1M
Event
Listed
Price Per
$759 ft2
$8,170 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
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- Aldens Mixed1
- Allenwood Multifamily2
- Alta Vista Terrace Land1
- Americas On The Park Condo2
- Aquavue Las Olas Condo0
- Atelier Lofts Townhouse0
- Avenue Lofts Condo4
- Bal Harbour Mixed5
- Bamboo Flats Townhouse3
- Bay Club Condo0
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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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