901 Ne 16th Avenue, Fort Lauderdale, FL 33304

$3,950,000

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List Price
$3,950,000
Days on Market
2
MLS#
B26099709
Year Built
1968
Lot Size
13,500
Acres
0.31

Property Description

PRIME VICTORIA PARK INVESTMENT OPPORTUNITY! 18-unit multifamily property with pool in desirable Fort Lauderdale location. Offered at $3,950,000 ($219,444/unit). Unit mix: 7 studios, 10 one-bedroom and 1 two-bedroom apartments. Features a landscaped courtyard, swimming pool and two-story building. Minutes from Las Olas Blvd, Downtown, Holiday Park and beaches. Monthly rent roll of $29,095 ($349,140 annually). Seller-reported NOI of approximately $217,494, indicating a 5.5% cap rate. Excellent income-producing investment opportunity.

Additional Information

Taxes
$63,998
Community Features
Not Found
Property Description
Mobile/Rv Parks, Office/Warehouse Combination, Store/Warehouse Combination, Warehouse, Multi Family
Zoning
RMM-25
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Sewer Available, Water Available
Heating
Window/Wall
Air Conditioning
Wall/Window Unit(s)
Exterior Construction
CBS Construction, Plaster
Roof
Comp Shingle Roof, Shingle

Listing Courtesy Of Inbal Ruiz, Contact:

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