River Terrace At River Shores, 3050 NE 16th Ave #204, Oakland Park, FL 33334

Cash buyer's only - unique opportunity for flippers, investors or someone looking for a second home in fort lauderdale. Currently the building is undergoing the 50 yrs certification. Seller paid all special assessments in full, including an additional amount for contingencies. The unit is currently rented until 04/30/25 for $1,800.00 a month, which will easily cover the first year of the two-year waiting period for rent. The last remodeled unit sold was $400,000 giving ample arv value for remodeling. Once the building's upgrades are done prices will increase substantially. Boaters - if you own a small boat, you can use the community dock. Please check the fixed bridges for clearance, as only small boats may go through. You can also do paddling or kayaking from the community's dock.