About 424-428 Ne 16th Avenue
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!
Features of 424-428 Ne 16th Avenue
| MLS® # | F10422748 |
|---|---|
| Price | $1,399,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,726 |
| Acres | 0.00 |
| Year Built | 1939 |
| Type | Residential |
| Sub-Type | Fourplex |
| Style | Ranch, Attached, Detached |
| Status | Sold |
Community Information
| Address | 424-428 Ne 16th Avenue |
|---|---|
| Area | 3270 |
| Subdivision | Middle River Park 5-28 B |
| City | Fort Lauderdale |
| County | Broward County |
| State | FL |
| Zip Code | 33301-1338 |
Amenities
| Parking Spaces | 7 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central Heat, No Heat |
|---|---|
| Cooling | Central Cooling, Wall/Window Unit Cooling |
| Fireplace | No |
| # of Stories | 1 |
| Stories | 1 |
Exterior
| Exterior Features | Patio, Deck, Fence, Open Porch, Outdoor Shower, Room For Pool |
|---|---|
| Lot Description | Less Than 1/4 Acre Lot |
| Roof | Flat Tile Roof, Other Roof |
| Construction | Concrete Block Construction, Frame Construction |
Additional Information
| Days on Market | 22 |
|---|---|
| Zoning | RC-15 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |