901 NE 16TH Avenue, Fort Lauderdale FL 33304
Fort Lauderdale, FL 33304
$3,950,000
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- Price
- $3,950,000
- Building size
- 7,772
- Property type
- Multi Family
- Year built
- 1968
- Lot size (sq ft)
- 13,500
- MLS number
- B26099709
This listing is courtesy of Inbal Ruiz, 954-246-4123.
About this property
PRIME VICTORIA PARK INVESTMENT OPPORTUNITY! 18-unit multifamily property with pool in desirable Fort Lauderdale location. Offered at $3,950,000 ($219,444/unit). Unit mix: 7 studios, 10 one-bedroom and 1 two-bedroom apartments. Features a landscaped courtyard, swimming pool and two-story building. Minutes from Las Olas Blvd, Downtown, Holiday Park and beaches. Monthly rent roll of $29,095 ($349,140 annually). Seller-reported NOI of approximately $217,494, indicating a 5.5% cap rate. Excellent income-producing investment opportunity.
Details
- Property type
- Multi Family
- Year built
- 1968
- Lot size (sq ft)
- 13,500
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC