1175 Sw 16th Ave
Fort Lauderdale, Florida
$1,198,000 Rental Price
- Bedrooms   - Baths

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...

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!!

Listing courtesy of Optimar International Realty

 

Listing Details

Fort Lauderdale, Florida
Type: Rental
Price: $1,198,000
Approx. square footage: 1,502 sf
Web ID: 11573474
MLS ID: A11573474

Info & Amenities

Type: Quadruplex
Built: 1987
Pool: Yes

Map of Area for 1175 SW 16th Ave

Listing Agent(s)