1185 SW 16th Avenue, Fort Lauderdale, FL 33312
- $1,090,000
- 1,502
- SqFt
- Sold Price
- $1,090,000
- List Price
- $1,140,000
- Days on Market
- 16
- Closing Date
- Mar 27, 2025
- MLS#
- A11735110
- Sq. Ft
- 1,502
- Subtype
- Quadruplex
- County
- Broward
- Subdivision
- Riverside Park Add Amen P
- Year Built
- 1988
Property Description
New Listing – Prime Multifamily Investment Opportunity in Fort LauderdaleDiscover 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.
/u.realgeeks.media/bryangoldrealestate/header.png)
Additional Information
- Construction
- Block, Other
- Cooling
- Electric
- Flooring
- Ceramic Tile
- Heating
- Electric, Separate Meters
- Roof
- Other
- Taxes
- $7,878
- Utilities
- Cable Not Available
- Stories
- 2
- Price Per Sqft
- $725
Mortgage Calculator
Listing courtesy of Optimar International Realty. Contact:
Selling Office: Top Tier International Realty, LLC..
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Rosa Poler | Email: rosapoler@hotmail.com