Fort Lauderdale, FL 33301,424-428 NE 16th Avenue
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Fort Lauderdale, FL 33301,424-428 NE 16th Avenue
Fort Lauderdale, FL 33301,424-428 NE 16th Avenue
Fort Lauderdale, FL 33301,424-428 NE 16th Avenue
Fort Lauderdale, FL 33301,424-428 NE 16th Avenue

$1,320,000

Est. payment /mo

$1,399,000

5.6%
Est.Price: ?

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424-428 NE 16th Avenue Fort Lauderdale, FL 33301

2,726 SqFt

SOLD DATE : 04/25/2024

Key Details

Sold Price $1,320,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,726 sqft

Price per Sqft $484

Subdivision Middle River Park 5-28 B

MLS Listing ID F10422748

Sold Date 04/25/24

Style Fourplex

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 8750

Year Built 1939

Annual Tax Amount $12,703

Tax Year 2021

Property Description

Phenomenal Multi-Family with a Charming Victoria Park House PLUS THREE ADDITIONAL rental cottages. Prime location in the Southeast corner of Victoria Park, close to Las Olas Blvd and Fort Lauderdale Beach. This Spacious 8750 sq ft lot includes a lovely 3/2 Main House [now being used as a 2/1 & efficiency] with original hardwood floors, updated kitchen and bathrooms and a fenced in backyard. In addition, there is a detached Studio and a Duplex that includes two 1bedroom /1bath apartments. All apartments have Granite Countertops and private outdoor patio. This property generates over $116, 000 in gross annual revenue, potential to generate $140, 000+ yielding above a 7% CAP. Zoned RC-15 the city will allow up to 3 townhomes. Seller accepts Conventional Loans with only 5% Down Payment!

Location

State FL

County Broward County

Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700)

Zoning RC-15

Interior

Heating Central Heat, No Heat

Cooling Central Cooling, Wall/Window Unit Cooling

Flooring Laminate, Terrazzo Floors, Tile Floors

Exterior

Exterior Feature Deck, Fence, Open Porch, Outdoor Shower, Patio, Room For Pool

Water Access N

Roof Type Flat Tile Roof,Other Roof

Private Pool No

Building

Lot Description Less Than 1/4 Acre Lot

Story 1.0000

Foundation Concrete Block Construction, Frame Construction

Sewer Municipal Sewer

Water Municipal Water

Construction Status Resale

Others

Pets Allowed No

Acceptable Financing Cash, Conventional, FHA, FHA-Va Approved

Listing Terms Cash, Conventional, FHA, FHA-Va Approved

Special Listing Condition As Is

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BeachesMLS Matrix (RAPB-F prefix)
Listed by The Keyes Company
Bought with Florida Capital Realty

Maddy Partow

Advisor | License ID: 3474080

+1(772) 584-1256

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