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901 Ne 16th Avenue, Fort Lauderdale, FL 33304

$3,950,000
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List Price
$3,950,000
MLS#
B26099709
Status
ACTIVE
Type
Commercial
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Property Description

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.

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Additional Information

Days on Market
1
Tax Amount
$63,998
Parcel Number
494234058000
Lot Size
13,500
Address
901 Ne 16th Avenue, Fort Lauderdale
Year Built
1968
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Listing Courtesy of Inbal Ruiz, Contact: