1175 SW 16th Ave, Fort Lauderdale FL 33312

Description

Excellent investment opportunity in Fort Lauderdale with this multifamily with two independent buildings. Each building has two badroom two-bedroom apartments, offering a total of four units generating $87K/year income, $67K/year NOI for a 5.6% CAP, easily upgradable to comparable units nearby for a total $112K/year income and a $92K NOI and a 7% CAP. 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. Ask us for OM and complete investment package!!

This quadruplex home located at 1175 SW 16th Ave, Fort Lauderdale FL 33312 is currently for sale and has been available on Brickellsold for 242 days. This property is listed at $1M. It has N/A beds, N/A bathrooms, and is 1502 square feet. It was built in 1987. 1175 SW 16th Ave, Fort Lauderdale FL 33312 is in Fort Lauderdale county Broward County.