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Gelfand Realty Miami Properties for Sale - Multi Family for Sale

700 SW 16TH AVE, FORT LAUDERDALE, FL 33312

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Multi Family - RIVERSIDE NO 2 for Sale

700 SW 16TH AVE, FORT LAUDERDALE, FL 33312

Asking Price$1,050,000 Change Price$50,000

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  • Days on market:

    17 day(s)
  • Adjusted Area:

    3047 sqft
  • Original Price:

    $1,100,000
  • Price per sqft:

    $344.6
  • Tax Legal Description:

    RIVERSIDE NO 2 1-104 D LOT 13 W1/2 BLK A
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Style:

    Fourplex
  • Construction Type:

    Cbs ConstructionConcrete Block Construction
  • Roof:

    Shingle
  • Cooling Description:

    Central Air
  • Heating Description:

    Central
  • Floor Description:

    TileVinyl
  • Lot Features:

    Less Than 1/4 Acre Lot
  • Type of Association:

    None

Description

$1,050,000 • living size area 3047 sqft

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.

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