South Florida
Closed
Riverside Park, 1185 SW 16th Ave, Fort Lauderdale, FL 33312
1,140,000(-4.39% )
$1,090,000Price
1,502SqFt
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Details
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Status:
Sold - Mar 27, 2025
Size: 1,502 SqFt (140 m2)
Price: $726/SqFt ($7,811/m2)
Type: Multi Family
Built: 1988
MLS Number: A11735110
On Site: 181 Days
Updated: 125 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
Price History
03/27/2025
Date
Sold
Event
$1.1M
Price
-4.39%
Change Rate
$726 ft2 / $7,811 m2
Price Per
01/30/2025
Date
Listed
Event
$1.1M
Price
$759 ft2 / $8,170 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 Comps
$100/ft²
$300/ft²
$700/ft²
$1,100/ft²
Unit 1185 SW 16th Ave – Asking
$726/ft²
(+65%) from Closed Medium $/ft²
Closed Medium $/ft²
$440/ft²
Community $/Price Range (Closed) $111/ft² – $923/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.
THINKING OF SELLING IN Riverside Park at Fort Lauderdale?
Request a Comparative Market Analysis (CMA), It's free and comes with no obligation.
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
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