Riverside Park, 1185 SW 16th Ave Fort Lauderdale, FL, 33312

$1,140,000Price
1,502SqFt

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Size: 1,502 ft2 / 140 m2
Price: $759 ft2 / $8,170 m2
Built: 1988
MLS Number: A11735110
On Site: 19 Days
Updated: 8 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
Price History
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 PolerOptimar International Realty • Buyer Agency Compensation .

Instant Comparative Market Analysis
$100/ft²
$300/ft²
$700/ft²
$1,100/ft²

Unit 1185 SW 16th Ave – Asking

$759/ft²

(+100%) from Closed Medium $/ft²

Closed Medium $/ft²

$380/ft²
Community $/Price Range (Closed) $212/ft² – $923/ft²
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