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    820 NE 16th Ave

    Fort Lauderdale, FL 33304
    • $1,899,000
    • STATUS: Active Under Contract
    • ON SITE: 38 days
    • MLS #: F10274697
    Under Contract
    UPDATED: 84 min ago
    $1,899,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1966
    County:
    Area:

    School Ratings & Info

    Description

    Cash Cow in the heart of Victoria Park, this 10-unit complex consists of 2 buildings containing a total of eight 1/1's plus two 2/2's with 12 parking spots. Currently 100% rented, this property is currently generating $133,440 of income per year with expenses of $36,470 (Approximately $5,400 water, $2,760 trash, $2,100 power, $600 lawn care, $3,3350 insurance (no windstorm coverage), $22,260 taxes) netting approximately $96,970.00. Once renovated with central a/c & a w/d in each unit, this project could generate around $180K/yr. Zoning appears to allow 7 town homes based on lot size of 13,500 SF, zoned RMM-25 (buyer to verify with city of Fort Lauderdale). Roofs sealed in 2021. Includes shutters & some impact windows. No showings without signed offer/LOI. PLEASE DO NOT WALK THE PROPERTY.

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    All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2021 BeachesMLS, Inc.
    IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2021-04-17T21:18:09.053.
    www.buyingsoflo.com/homes/114895087
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    820 NE 16th Ave Fort Lauderdale, FL 33304

    • Price: $1,899,000
    • Status: Active Under Contract
    • Updated: 84 min ago
    • MLS #: F10274697
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1966
    Built
    Neighborhood:
    3270
    County:
    Broward
    Area:
    3270
    Property Description
    Cash Cow in the heart of Victoria Park, this 10-unit complex consists of 2 buildings containing a total of eight 1/1's plus two 2/2's with 12 parking spots. Currently 100% rented, this property is currently generating $133,440 of income per year with expenses of $36,470 (Approximately $5,400 water, $2,760 trash, $2,100 power, $600 lawn care, $3,3350 insurance (no windstorm coverage), $22,260 taxes) netting approximately $96,970.00. Once renovated with central a/c & a w/d in each unit, this project could generate around $180K/yr. Zoning appears to allow 7 town homes based on lot size of 13,500 SF, zoned RMM-25 (buyer to verify with city of Fort Lauderdale). Roofs sealed in 2021. Includes shutters & some impact windows. No showings without signed offer/LOI. PLEASE DO NOT WALK THE PROPERTY.
    Exterior Features

    Approximate Lot Size 13500 Construction Type Concrete Block Construction Parking Description Assigned Parking Parking Spaces 12 Roof Description Tile Roof Type Of Property Income/Multi-Family Waterfront Property YN No

    Interior Features

    Cooling Description Wall/Window Unit Cooling Floor Description Ceramic FloorTile Floors

    Property Features

    Geographic Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700) Information Available Copy Of Lease(S)Owner ManagedPhotosRent RollsExisting Survey Lease Term Info Annual LeaseMonth To Month Lease REO No Sewer Description Public Sanitation Short Sale No Tax Amount 22260 Tax Year 2020 Terms Considered CashConventional/RefinanceSecondary Financing Type Of Building Apartments Unit Count 2 Water Description Public Water Year Built Description New Construction Zoning Information Rmm25

    Listing provided courtesy of David Alexander Realty. Listing information © 2021 BeachesMLS


    All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2021 BeachesMLS, Inc.
    IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2021-04-17T21:18:09.053.
     
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    1401 N University DR #407
    Coral Springs FL, 33071