Rare investment opportunity in Fort Lauderdale — a 4-unit apartment complex at 700 SW 16th Ave. This 3,047 sq.ft building on a spacious 10,000 sq.ft lot includes four large and spacious 2-bedroom, 1-bath units. Each unit features central AC and individual

700 SOUTH WEST 16TH AVE #4, Fort Lauderdale

$995,000 USD
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Address700 SOUTH WEST 16TH AVE #4, Fort Lauderdale
Building NameRIVERSIDE NO 2
Type of PropertyQuadruplex
Property StyleQuadruplex
Price$995,000
Previous Price$1,050,000 (37 days ago)
Property StatusActive
MLS NumberA11855351
Living Area3047
Year Built1970
Parking Space Number8
Folio Number504209030110
Zoning InformationRM-15
Days on Market226

Detailed Description: Rare investment opportunity in Fort Lauderdale — a 4-unit apartment complex at 700 SW 16th Ave. This 3,047 sq.ft building on a spacious 10,000 sq.ft 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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Address Information
StateFlorida
CityFort Lauderdale
CountyBroward County
Zip Code33312
Address700 SOUTH WEST 16TH AVE
Zip Code (4 Digits)7684
Financial Information
Price$995,000
Price per Foot$0
Previous Price$1,050,000
Folio Number504209030110
Tax Amount$14,125
Tax Year2024
Possession InformationFunding
Full Descriptions
Detailed DescriptionRare investment opportunity in Fort Lauderdale — a 4-unit apartment complex at 700 SW 16th Ave. This 3,047 sq.ft building on a spacious 10,000 sq.ft 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.
Roof DescriptionShingle
Floor DescriptionTile, Vinyl
Cooling DescriptionCentral Air
Heating DescriptionCentral
Water DescriptionMunicipal Water
Sewer DescriptionPublic Sewer
Property parameters
Living Area3047
Zoning InformationRM-15
Year Built1970
Type of PropertyQuadruplex
StyleQuadruplex
Building NameRIVERSIDE NO 2
Development NameRIVERSIDE NO 2
Construction TypeConcrete Block Construction,CBS Construction
Stories Number1.000
Street DirectionSouth West
Parking Space Number8
Listed withFausto Commercial Realty Consultants Inc