Home » Fort Lauderdale » 1185 SW 16th Ave, Fort Lauderdale, FL 33312 | A11735110

Fourplex (Quadruplex) For Sale 1185 SW 16th Ave, Fort Lauderdale, FL 33312

$1,140,000

Property Highlights

Listing ID A11735110 Status of this Listing: Active For Sale Newly Listed Property Property Type Residential Income (Multifamily 2-4) Fourplex (Quadruplex) Living Space 1,502 Sqft/139.54 m2 approx. Building Area 1,502 Sqft/139.54 m2 approx. Year Built 1988 Time of this property on Rebonus 0 Day(s)

1185 SW 16th Ave, Fort Lauderdale, FL 33312

Property Description: Excellent investment opportunity in Fort Lauderdale with this multifamily with two independent buildings. Each building has two bedroom two-bathroom apartments, offering a total of four units generating $90K+/year income, ~$70K/year NOI for a 6%+ CAP, easily upgradable to comparable units nearby for a total $110K+/year income. With a total of 9,220 square feet of land and 1,502 square feet of construction per building, this property is ideal for investors looking to add value through improvements in a gentrifying great area (just check out our neighbors being built!).

Useful Info

Original List Price:$1,140,000

Lease Details

Rent Includes:
  • Trash Collection
  • None

Land Lot (Parcel) Details

Lot Features:
  • < 1/4 Acre
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural
Style:
  • Fourplex
Levels:Two
Construction Materials:
  • Block
  • Other
Flooring:
  • Ceramic Tile
Stories:2

Property Features

Waterfront:No
Roof:
  • Other
Air Conditioning:Yes
Air Conditioning System:
  • Electric
Heating:Yes
Heating System:
  • Electric

Taxes and Expenses

Tax Annual Amount:$7,878

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Property Tax Status:Tax Reflects No Exemptions

Terms

Documents Available:
  • Other
Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Tenant
Buyer Possession:
  • Close Of Escrow
Lease Considered:No

Community

Subdivision Name:RIVERSIDE PARK ADD AMEN P
Senior Community:No

Parking

Parking Total Spaces:4
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Not Available

More Details

Other Information:
Tax InformationTax Reflects No Exemptions
Flood ZoneAE
Type of AssociationNone
StyleFourplex
FEMA Flood Zone DesignationsAE
Ref1104205961
PACE (Property Assessed Clean Energy) program0
Subdivision Number13

Zoning and Legal

Tax Legal Description:RIVERSIDE PARK ADD AMEN PLAT 10-37 B LOT 24 TO 26 LESS N 46 THEREOF TOGETHER WITH W 25 OF VAC 16 AVE BLK 14,LESS STRIP OF LAND OVER & ACROSS
Real Estate Folio Number (Parcel Number):504209130420
Zoning Description:RD-15
Public Survey Range:50

Listing History

Update/EventDate/Days
Published Date:February 3, 2025 11:40 am
On Market Date:January 29, 2025
Price Change Date Time:January 30, 2025 11:30 am
Last Important Update Description:New Listing
Date and Time of Last Important Update:February 3, 2025 11:40 am
Status Last Changed:February 3, 2025 11:40 am
Photos Last Modified:February 3, 2025 5:01 pm
Last Modified:February 3, 2025 5:45 pm
Days on the Market Reference Date:February 3, 2025
Days on the Market (updated on Last Modified*):5
Cumulative Days on the Market (updated on Last Modified**):5

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot
Number of Photos:17
Location:,,Less Than 1/4 Acre Lot
Included:,,
Geographical Area:Ft Ldale SW (3470-3500;3570-3590)
Area:3470
Courtesy of:Optimar International Realty
Universal Property Id:US-12011-N-504209130420-R-N

Location

Show Property Address:Yes
Street Name:16th Ave
Street Number:1185
Street Direction Prefix:SW
Street Address:1185 SW 16th Ave
City : Fort Lauderdale
State : Florida
Zip Code : 33312
County : Broward
Full Address:1185 SW 16th Ave, Fort Lauderdale, FL 33312
Latitude:N26° 6' 26.4''
Longitude:W81° 50' 13.2''

Neighborhood

Postal City:Fort Lauderdale

Property Map