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!
Real Estate Empire Group, Inc.
Features & Details
Learn about the features and details of 640 SW 16th Ave
Property Details
Property Type
Quadruplex
Living Area
4,855 sqft
Year Built
1965
Lot Size
-
Stories
-
Annual Tax
$12,682.00
List Date
9/13/2024
Updated
6/10/2025
Last Checked
Recent
MLS Number
#A11658637
Brokerage
Real Estate Empire Group, Inc.
Postal Code
33312
Area
Broward
City
Fort Lauderdale
Additional Property Features
Occupancy
Tenant
List Price
$1,900,000.00
Unit Number
-
Construction
Block
Heating
Central
Fireplaces
-
Garage
-
Parking Type
No
Pets Allowed
No
Air Conditioning
Central Air
Elevator
No
Locker
No
Swimming Pool
None
Patio
No
Basement
No
Den
No
Central Vacuum
No
Garage Type
No
Additional Listing Information
Walk Score
–
Property Manager
-
Utilities Included
None
Furnished
No
Assessment Year
2023
Assignment
No
Extras Included
None
Inside
Bedrooms & Baths
0 Bed, 0 Bath
Ensuite
Yes
Bathrooms
0
Flooring
Mixed
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Mortgage Calculator
Estimate monthly payments for 640 16th Ave
20.5%100%
30 Years
Estimated Monthly Payment
$7,653
Cash Flow Analysis
Mortgage Payment:
$7,653
Monthly Payment:
$8,709.83
Break Even Down Payment:
100%
Cash Flow
$0
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Discover this beautiful quadruplex in the heart of Riverside Park, Fort Lauderdale. This well-appointed property offers 4,855 square feet of living space. Originally built in 1965. Offered at $1,900,000.00 Don't miss this opportunity to own in one of the area's most desirable locations.
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