Riverside Park, 640 SW 16th Ave, Fort Lauderdale, FL 33312

1,900,000(-7.89% )
$1,750,000Price
4,855SqFt

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Details

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Status:
Active
Size: 4,855 SqFt (451 m2)
Price: $360/SqFt ($3,880/m2)
Type: Multi Family
Built: 1965
MLS Number: A11658637
On Site: 324 Days
Updated: 32 Days ago
Page Views: 0
Exceptional investment opportunity!this beautifully renovated fourplex in the highly sought-after riverside park neighborhood, just moments from downtown fort lauderdale, offers an impressive rental potential. property highlights: unit breakdown: two units featuring 3 bedrooms and 2 bathrooms each, and two units offering 4 bedrooms and 2 bathrooms each. Recently updated with fresh paint and modern finishes throughout. impact windows, security cameras, and a convenient on-site laundry room. Roof only 10 years old, ensuring reliability and longevity. Located in a prime area with strong rental demand, this property combines updated amenities with a strategic location. Perfect for investors seeking a turnkey asset with excellent income potential. Don't miss out on this fantastic opportunity!
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Central
        • Cooling Description: CentralAir
        Building and Construction
        • Floor Description: Tile
        • Year Built: 1965
        • Year Built Description: Resale
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2024-09-13T13:09:13.000-00:00
          Taxes, Fees & More
          • Taxes: 12682

          Price History

          07/02/2025

          Date

          Price Reduced

          Event

          $1.8M

          Price

          -7.89%

          Change Rate

          $360 ft2 / $3,880 m2

          Price Per

          12/30/2024

          Date

          Price Reduced

          Event

          $1.9M

          Price

          -17.39%

          Change Rate

          $391 ft2 / $4,212 m2

          Price Per

          09/12/2024

          Date

          Listed

          Event

          $2.3M

          Price

          $474 ft2 / $5,099 m2

          Price Per

          Price per square foot and days on website are not provided values and are calculated by Subdivisions.

          Listed by Mirella SchnarsReal Estate Empire Group, Inc. • Buyer Agency Compensation .

          Instant Comps

          $100/ft²
          $300/ft²
          $700/ft²
          $1,100/ft²

          Unit 640 SW 16th Ave – Asking

          $360/ft²

          (-18%) from Closed Medium $/ft²

          Closed Medium $/ft²

          $440/ft²
          Community $/Price Range (Closed) $111/ft² – $923/ft²
          No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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