Rare investment opportunity in Fort Lauderdale — a 4-unit apartment complex at 700 SW 16th Ave. This 3,047 SF building on a spacious 10,000 SF lot includes four large and spacious 2-bedroom, 1-bath units. Each unit features central AC and individual electric meters. The property currently generates $6,700 in monthly rental income, with strong upside potential to increase rents to approximately $8,800 per month when adjusted to market rates. Ideally located minutes from I-95, Fort Lauderdale-Hollywood International Airport, downtown, and the beach, this property offers excellent access and sits in one of South Florida’s fastest-growing markets.
Fausto Commercial Realty Consultants Inc
Features & Details
Learn about the features and details of 700 SW 16th Ave
Discover this stunning quadruplex in the heart of Riverside Park, Fort Lauderdale. This well-appointed property offers 3,047 square feet of living space. Originally built in 1970. Offered at $995,000.00 Don't miss this opportunity to own in one of the area's most desirable locations.
FAQs About 700 SW 16th Ave
What is the square footage of this property?
700 SW 16th Ave, MLS® A11855351 has a size of 3047 sqft.
How many bedrooms and bathrooms does this home have?
There are bedrooms and bathrooms in this Multifamily at 700 SW 16th Ave, MLS® A11855351.
Does this property have parking available?
Yes, there is parking available with 8 spot(s).
What are annual taxes for 700 SW 16th Ave?
Annual taxes for this home are $14,125 based on 2024 tax year reports.
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.