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$1,140,000
$1,090,000
1185 SW 16th Ave,
Broward
Sold on March 27, 2025
Quadruplex
MLS® # A11735110
Quadruplex
MLS® # A11735110
Bedrooms
0 Beds
Bathrooms
0 Baths
Size
$1,502 sqft
Parkings
4
Maintenance Fees
-
Annual Tax
$7,878
Description
New Listing – Prime Multifamily Investment Opportunity in Fort Lauderdale Discover an exceptional chance to secure a profitable asset in a rapidly developing neighborhood. This property features two standalone buildings, each offering two spacious 2BR/2BA units (four total). Currently generating $90K+ in annual income and approximately $70K in NOI (a 6%+ CAP), this investment has clear upside potential with nearby comps suggesting $110K+ in possible annual income after upgrades.Each building boasts 1,502 SF of well-maintained living space, set on a combined 9,220 SF lot. Surrounded by new developments in a gentrifying location, this is a rare opportunity to add value through modern renovations and strategic improvements.
Optimar International Realty
Features & Details
Learn about the features and details of 1185 SW 16th Ave
Property Details
- Property TypeQuadruplex
- Living Area1,502 sqft
- Year Built1988
- Lot Size-
- Stories-
- Annual Tax$7,878.00
- List Date1/29/2025
- Updated7/7/2025
- Last CheckedRecent
- MLS Number#A11735110
- BrokerageOptimar International Realty
- Postal Code33312
- AreaBroward
- CityFort Lauderdale
Additional Property Features
- OccupancyTenant
- List Price$1,140,000.00
- Unit Number-
- ConstructionBlock,Other
- HeatingElectric
- Fireplaces-
- Garage-
- Parking TypeNo
- Pets AllowedNo
- Air ConditioningElectric
- ElevatorNo
- LockerNo
- Swimming PoolNone
- PatioNo
- BasementNo
- DenNo
- Central VacuumNo
- Garage TypeNo
Additional Listing Information
- Walk Score–
- Property Manager-
- Utilities IncludedNone
- FurnishedNo
- Assessment Year2023
- AssignmentNo
- Extras IncludedNone
Inside
- Bedrooms & Baths0 Bed, 0 Bath
- EnsuiteYes
- Bathrooms0
- FlooringMixed
Price history
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Real estate trends
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Mortgage Calculator
Estimate monthly payments for 1185 16th Ave
$0
20.0%
$1,140,000
1%
5.25%
10%
Estimated Monthly Payment
$5,465
Cash Flow Analysis
Mortgage Payment:
$5,465.14
Monthly Payment:
$6,121.64
Break Even Down Payment:
100%
Cash Flow
$0
Disclaimer: This calculator provides estimates for informational purposes only. Consult a financial advisor for personalized advice.
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About this property
Discover this impressive quadruplex in the heart of Riverside Park, Fort Lauderdale. This well-appointed property offers 1,502 square feet of living space. Originally built in 1988. Offered at $1,140,000.00 Don't miss this opportunity to own in one of the area's most desirable locations.
FAQs About 1185 SW 16th Ave
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.
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