420 SE 16th St

3
Beds
21/2
Baths
1,620
SqFt
Status
OFF MARKETExpired
Parking
2
Size
1,620 SqFt (151 m2)
Price
$493/SqFt ($5,309/m2)
Type
Townhouse
Built
2016
HOA
$400/MO
MLS Number
F10437259
View
Garden
On Site
863 Days
Updated
710 Days ago
Page Views
0
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.

Features

Bedrooms
  • Bedrooms: 3
Bathrooms
  • Bathrooms: 2
  • Half Bathrooms: 1
Exterior and Lot Features
  • Exterior Features: Balcony, SecurityHighImpactDoors
  • View: Garden
Interior, Heating and Cooling
  • Interior Features: BreakfastBar, DualSinks, EatInKitchen, FirstFloorEntry, LivingDiningRoom, MainLivingAreaEntryLevel, TubShower, UpperLevelPrimary
  • Equipment / Appliances: Dryer, Dishwasher, ElectricRange, Disposal, Microwave, Refrigerator, SelfCleaningOven, WasherDryer, Washer
  • Heating Description: Central
  • Cooling Description: CentralAir, CeilingFans
Building and Construction
  • Floor Description: Tile
  • Windows/Treatment: ImpactGlass
  • Year Built: 2016
  • Year Built Description: Resale
Waterfront and Water Access
  • Waterfront Frontage: No info
School Information
    Other Property Info
    • Garage: 2
    • Listing Date: 2024-04-30T20:56:46.000-00:00
    • Directions: North
    • Pets Allowed: BreedRestrictions, Yes
    Taxes, Fees & More
    • Maintenance Includes: AssociationManagement, CommonAreas, LegalAccounting, MaintenanceGrounds, MaintenanceStructure
    • Taxes: 8683
    • Security Information: ComplexFenced
    • Parking Description: Attached, Deeded, Garage, GarageDoorOpener
    • Total Floors in Building: 2
    • Total Units in Complex: 8

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    Price History

    Date
    Event
    Price
    Change
    Price Per
    04/30/2024
    Listed
    $799K
     
    $493 ft2
    $5,309 m2
    04/30/2024
    $799K
    Event
    Listed
    Price Per
    $493 ft2
    $5,309 m2
    Price per square foot and days on website are not provided values and are calculated by Subdivisions.
    Listed by Scott ColoneyFlagler Duval • Buyer Agency Compensation .

    Listing Location & Street View
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