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424-428 NE 16th Avenue Fort Lauderdale, FL 33301
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Key Details
Sold Price $1,320,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,726 sqft
Price per Sqft $484
Subdivision Middle River Park 5-28 B
MLS Listing ID F10422748
Sold Date 04/25/24
Style Fourplex
Construction Status Resale
HOA Y/N No
Total Fin. Sqft 8750
Year Built 1939
Annual Tax Amount $12,703
Tax Year 2021
Property Description
Phenomenal Multi-Family with a Charming Victoria Park House PLUS THREE ADDITIONAL rental cottages. Prime location in the Southeast corner of Victoria Park, close to Las Olas Blvd and Fort Lauderdale Beach. This Spacious 8750 sq ft lot includes a lovely 3/2 Main House [now being used as a 2/1 & efficiency] with original hardwood floors, updated kitchen and bathrooms and a fenced in backyard. In addition, there is a detached Studio and a Duplex that includes two 1bedroom /1bath apartments. All apartments have Granite Countertops and private outdoor patio. This property generates over $116, 000 in gross annual revenue, potential to generate $140, 000+ yielding above a 7% CAP. Zoned RC-15 the city will allow up to 3 townhomes. Seller accepts Conventional Loans with only 5% Down Payment!
Location
State FL
County Broward County
Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700)
Zoning RC-15
Interior
Heating Central Heat, No Heat
Cooling Central Cooling, Wall/Window Unit Cooling
Flooring Laminate, Terrazzo Floors, Tile Floors
Exterior
Exterior Feature Deck, Fence, Open Porch, Outdoor Shower, Patio, Room For Pool
Water Access N
Roof Type Flat Tile Roof,Other Roof
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Concrete Block Construction, Frame Construction
Sewer Municipal Sewer
Water Municipal Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Conventional, FHA, FHA-Va Approved
Listing Terms Cash, Conventional, FHA, FHA-Va Approved
Special Listing Condition As Is
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Bought with Florida Capital Realty
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