1040 NORTH EAST 16TH AVE, Fort Lauderdale
$975,000 USD
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| Address | 1040 NORTH EAST 16TH AVE, Fort Lauderdale |
| Building Name | LAKE RIDGE |
| Type of Property | Triplex |
| Property Style | Triplex |
| Price | $975,000 |
| Previous Price | $1,198,000 (13 days ago) |
| Property Status | Active |
| MLS Number | A11768220 |
| Living Area | 5097 |
| Year Built | 1978 |
| Parking Space Number | 6 |
| Folio Number | 494234045790 |
| Gross Rent Income | $80,400 |
| Net Operating Income | $55,370 |
| Zoning Information | RMM-25 |
| Days on Market | 185 |
Detailed Description: PRICE IMPROVEMENT on This fabulous triplex, located in beautiful Lake Ridge is super clean and well maintained. The owner’s unit is one level. The living space is open, with plenty of room for dining and entertainment areas. The third bedroom has potential to be the primary bedroom suite or an in-law suite. The two attached townhouses, each have two bedrooms, 1.5 baths, and separate utilities. Shared private pool / patio oasis is tucked away in the back of the house. Laundry is coin op, and is is in an enclosed area. The owners unit is currently vacant, and could rent for $3000 / month. The townhouses have long term tenants, month to month occupancy. Ideal for investment or owner operator. Conveniently located to shopping, dining, 2.5 miles to beach, call and make an appointment today!
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Address Information
| State | Florida |
| City | Fort Lauderdale |
| County | Broward County |
| Zip Code | 33304 |
| Address | 1040 NORTH EAST 16TH AVE |
| Section | 34 |
| Zip Code (4 Digits) | 2515 |
Financial Information
| Price | $975,000 |
| Price per Foot | $0 |
| Previous Price | $1,198,000 |
| Folio Number | 494234045790 |
| Gross Rent Income | $80,400 |
| Net Operating Income | $55,370 |
| Tax Amount | $16,533 |
| Tax Year | 2024 |
Full Descriptions
| Detailed Description | PRICE IMPROVEMENT on This fabulous triplex, located in beautiful Lake Ridge is super clean and well maintained. The owner’s unit is one level. The living space is open, with plenty of room for dining and entertainment areas. The third bedroom has potential to be the primary bedroom suite or an in-law suite. The two attached townhouses, each have two bedrooms, 1.5 baths, and separate utilities. Shared private pool / patio oasis is tucked away in the back of the house. Laundry is coin op, and is is in an enclosed area. The owners unit is currently vacant, and could rent for $3000 / month. The townhouses have long term tenants, month to month occupancy. Ideal for investment or owner operator. Conveniently located to shopping, dining, 2.5 miles to beach, call and make an appointment today! |
| Roof Description | Composition Roll, Shingle |
| Floor Description | Ceramic Floor |
| Pool Description | In Ground |
| Cooling Description | Central Air |
| Heating Description | Other |
| Water Description | Municipal Water |
| Sewer Description | Public Sewer |
Property parameters
| Living Area | 5097 |
| Zoning Information | RMM-25 |
| Year Built | 1978 |
| Type of Property | Triplex |
| Style | Triplex |
| Building Name | LAKE RIDGE |
| Development Name | LAKE RIDGE |
| Construction Type | Concrete Block Construction |
| Stories Number | 2.000 |
| Street Direction | North East |
| Parking Space Number | 6 |
| Listed with | LPT Realty, LLC |