420 SE 16th St #420, Fort Lauderdale, 33316

Discover an exceptional investment opportunity in downtown fort lauderdale with this fully leased townhome community, boasting a seamless operation managed by a reputable sober living company owned by a new york reit for past 7 years. Current rental rate is $4,800/month. Renewal term is 5 years @ $5,200/month. Corporate tenant pays all utilities and repairs. The hoa management handles rental collections and repairs for all unit owners. This is a turn key investment with minimal effort for owner/investor. 3 bedroom 2.5 bath unit featuring 2 levels, w/ Balcony and a two car garage. Great steady investment with appreciation upside, being a fee simple townhome in down town fort lauderdale, next to whole foods, the famous se 17th st causeway bridge and a short ride to the beach.