Middle River Park, 424-428 NE 16th Ave Fort Lauderdale, FL 33301

Phenomenal multi-family with a charming victoria park house plus three additional rental cottages. Prime location in the southeast corner of victoria park, close to las olas blvd and fort lauderdale beach. This spacious 8750 sq ft lot includes a lovely 3/2 main house [now being used as a 2/1 & efficiency] with original hardwood floors, updated kitchen and bathrooms and a fenced in backyard. In addition, there is a detached studio and a duplex that includes two 1bedroom /1bath apartments. All apartments have granite countertops and private outdoor patio. This property generates over $116, 000 in gross annual revenue, potential to generate $140, 000+ yielding above a 7% cap. Zoned rc-15 the city will allow up to 3 townhomes. Seller accepts conventional loans with only 5% down payment!