Basic Information

  • MLS # A11735110
  • Type Duplex / Quad Plex / Triplex
  • Status Active Under Contract
  • Subdivision/Complex Riverside Park Add Amen P
  • Year Built 1988
  • Total Sqft 1,502
  • Date Listed 02/03/2025
  • Days on Market 47
Description

New Listing – Prime Multifamily Investment Opportunity in Fort Lauderdale Discover an exceptional chance to secure a profitable asset in a rapidly developing neighborhood. This property features two standalone buildings, each offering two spacious 2BR/2BA units (four total). Currently generating $90K+ in annual income and approximately $70K in NOI (a 6%+ CAP), this investment has clear upside potential with nearby comps suggesting $110K+ in possible annual income after upgrades.Each building boasts 1,502 SF of well-maintained living space, set on a combined 9,220 SF lot. Surrounded by new developments in a gentrifying location, this is a rare opportunity to add value through modern renovations and strategic improvements.

Exterior Features

  • Waterfront No
  • Pool No
  • Construction Type Block, Other
  • Design Description Fourplex
  • Parking Spaces 0
  • Parking Description
  • Roof Description Other

Interior Features

  • Adjusted Sqft 1,502
  • Cooling Description Electric
  • Floor Description Ceramic Tile
  • Heating Description Electric
  • Sqft 1,502

Property Features

  • Address 1185 S W16th Ave
  • Aprox. Lot Size 1,502
  • Architectural Style Fourplex
  • City Fort Lauderdale
  • Construction Materials Block, Other
  • County Broward
  • Furnished Info No
  • Levels Two
  • Listing Terms Cash, Conventional
  • Lot Description Less Than Quarter Acre
  • Lot Features Less Than Quarter Acre
  • Occupant Type Tenant
  • Pool Features None
  • Possession Close Of Escrow
  • Postal City Fort Lauderdale
  • Public Survey Section Two
  • Roof Other
  • Sewer Description Public Sewer
  • Short Sale Regular Sale
  • Stories 2
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info Riverside Park Add Amen P
  • Tax Amount $7,878
  • Tax Information R I V E R S I D E P A R K A D D A M E N P L A T10-37 B L O T24 T O26 L E S S N46 T H E R E O F T O G E T H E R W I T H W25 O F V A C16 A V E B L K14, L E S S S T R I P O F L A N D O V E R& A C R O S S
  • Tax Year 2023
  • Terms Considered Cash, Conventional
  • Type of Property Quadruplex
  • Year Built Details Resale

1185 SW 16th Ave

Fort Lauderdale, FL 33312

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The multiple listing information is provided by the MIAMI ASSOCIATION OF REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present MIAMI ASSOCIATION OF REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Optimar International Realty

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