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

Share
Closed
$1,320,000
$179K
Estimate Payment $7,733Closing Costs
Beds
2,726
SqFt
$484
$/SqFt
Sold - Apr 25, 2024
Mid-Tier Multifamily
Built in 1939
Outdoor Living Area
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! See attached Documents for 'Estimated' P&L and Conforming Loan Limit​​‌​​​​‌​​‌‌‌​​‌​​‌‌​‌​​​​‌‌​​‌‌ Calculations
MLS Number: F10422748
On Site: 972 Days
Updated: 26 Days ago
Page Views: 0

Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: OutdoorLivingArea, OutdoorShower, RoomForPool
      Interior, Heating and Cooling
      • Heating Description: Central, None, SeparateMeters
      • Cooling Description: CentralAir, WallWindowUnits
      Building and Construction
      • Floor Description: Laminate, Terrazzo, Tile
      • Year Built: 1939
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Listing Date: 2024-02-08T19:50:50.000-00:00
        Taxes, Fees & More
        • Maintenance Includes: Sewer,Water
        • Taxes: 12703
        • Real Estate Taxes: 653310
        • Total Floors in Building: 1
        • Total Units in Building: 4
        • Total Units in Complex: 4

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        Price History

        Current
        $1.3M
        High
        $1.5M
        Low
        $1.3M
        Total Change
        -11.9%
        $1.5M$1.4M$1.3MFeb 24Feb 24Mar 24Apr 24
        Date
        Event
        Price
        Change
        Price Per
        04/25/2024
        Sold
        $1.3M
        -5.65%
        $484 ft2
        $5,212 m2
        03/11/2024
        Price Reduced
        $1.4M
        -3.45%
        $513 ft2
        $5,524 m2
        02/26/2024
        Price Reduced
        $1.4M
        -3.34%
        $532 ft2
        $5,722 m2
        02/08/2024
        Listed
        $1.5M
         
        $550 ft2
        $5,919 m2
        04/25/2024
        $1.3M
        Event
        Sold
        Change
        -5.65%
        Price Per
        $484 ft2
        $5,212 m2
        03/11/2024
        $1.4M
        Event
        Price Reduced
        Change
        -3.45%
        Price Per
        $513 ft2
        $5,524 m2
        02/26/2024
        $1.4M
        Event
        Price Reduced
        Change
        -3.34%
        Price Per
        $532 ft2
        $5,722 m2
        02/08/2024
        $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

        Fort Lauderdale
        Mid-Tier
         Mid-Tier Homes & Condos

        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

        Fort Lauderdale, FL Price Range Segments

        Entry-Level
        Entry-Level151
        Premium
        Premium203
        Mid-Tier
        Mid-Tier178
        High-End
        High-End75
        Ultra Luxury
        Ultra Luxury32
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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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