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Multifamily in Fort Lauderdale, FL 33301
Middle River Park, 424 NE 16th Ave

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OFF MARKET
$1,359,000
$140K
Estimate Payment $7,930Closing Costs
Beds
2,726
SqFt
$499
$/SqFt
Mid-Tier Multifamily
Built in 1939
Fourplex
Deck
Phenomenal Multi-Family property consists of a Charming Victoria Park House PLUS THREE ADDITIONAL separate rental cottages. Located in a 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. This income property currently generates over $115, 000 in gross annual revenue, potential to generate over $165, 000 per year yielding above a 10 Cap. All units are currently short term and can be converted into furnished rentals for increased revenue.
MLS Number: F10365344
On Site: 1351 Days
Updated: 1275 Days ago
Page Views: 0

Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: Deck, Fence, OutdoorShower, Porch, Patio, RoomForPool
      Interior, Heating and Cooling
      • Heating Description: Central,None
      • Cooling Description: CentralAir, WallWindowUnits
      Building and Construction
      • Floor Description: Laminate, Terrazzo, Tile
      • Year Built: 1939
      • Year Built Description: Resale
      • Style: Fourplex
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Listing Date: 2023-01-26T18:10:24.000-00:00
        Taxes, Fees & More
        • Taxes: 12703
        • Total Units in Building: 4

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        Price History

        Current
        $1.4M
        High
        $1.5M
        Low
        $1.4M
        Total Change
        -9.3%
        $1.5M$1.4M$1.3MJan 23Feb 23Mar 23
        Date
        Event
        Price
        Change
        Price Per
        03/31/2023
        Price Reduced
        $1.4M
        -2.86%
        $499 ft2
        $5,366 m2
        02/28/2023
        Price Reduced
        $1.4M
        -6.67%
        $513 ft2
        $5,524 m2
        01/26/2023
        Listed
        $1.5M
         
        $550 ft2
        $5,919 m2
        03/31/2023
        $1.4M
        Event
        Price Reduced
        Change
        -2.86%
        Price Per
        $499 ft2
        $5,366 m2
        02/28/2023
        $1.4M
        Event
        Price Reduced
        Change
        -6.67%
        Price Per
        $513 ft2
        $5,524 m2
        01/26/2023
        $1.5M
        Event
        Listed
        Price Per
        $550 ft2
        $5,919 m2
        Price per square foot and days on website are not provided values and are calculated by Subdivisions.
        Listed by David Bartol • The Keyes Company • Buyer Agency Compensation .

        Transit & Commute from Middle River Park

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        27
        Traffic score
        Congested area. Frequent traffic delays
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        Listing Location & Street View

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        Scores

        Walk Score®
        Somewhat Walkable. Some errands can be accomplished on foot
        56
        100
        Transit Score®
        Some Transit. A few nearby public transportation options
        30
        100
        Bike Score®
        Bikeable. Some bike infrastructure
        52
        100
        Sound Score®
        Bearable noise
        79
        100
        Airport Score
        Close to airports. Noticeable airport activity
        0
        100
        Traffic Score
        Congested area. Frequent traffic delays
        27
        100
        Local Score
        Limited local amenities nearby
        1
        100
        Community Snapshot
        4 – 4 BR
        Bedrooms
        $1.3M – $2.8M
        Price Tier
        992 - 4,684
        SqFt Range
        1971
        Year Build
        2
        Total Floors

        Subdivision Amenities

        None
        Pool

        All Fort Lauderdale, FL
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        Other Fort Lauderdale, FL Homes & Condos Price Range Segments

        Entry-Level
        Entry-Level151
        Premium
        Premium203
        High-End
        High-End75
        Ultra Luxury
        Ultra Luxury32

        Victoria Park Communities in Fort Lauderdale, FL

        Ultra Luxury
        Ultra Luxury 1
        High-End
        High-End 6
        Mid-Tier
        Mid-Tier 21
        Premium
        Premium 26
        Entry-Level
        Entry-Level 20
        Inactive Segment
        Inactive Segment 16

        Fort Lauderdale, FL Nearby Cities

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        The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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