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    700 SW 16Th Ave Fort Lauderdale, FL 33312

    For Sale
    $995,000

    Four-unit apartment complex with income potential in Fort Lauderdale.

    Building Details

    Year built
    1970

    Source: Fausto Commercial Realty Consultants Inc Agent Elior Levi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fort Lauderdale Four-Unit Apartment Complex

    Located in Fort Lauderdale, this is a four-unit apartment complex situated at 700 SW 16th Ave. The building has 3,047 square feet of space and is positioned on a 10,000 square foot lot. Each of the four units features two bedrooms and one bathroom, along with central AC and individual electric meters. The property generates $6,700 in monthly rental income, with the potential to increase rents to approximately $8,800 per month based on market rates. The property is located minutes from I-95, Fort Lauderdale-Hollywood International Airport, downtown, and the beach.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1272379
    Latitude
    26.1321432

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    FAQs

    What type of property is this?
    Quadplex - Four-unit apartment complex with income potential in Fort Lauderdale.
    Where is this quadplex located?
    The property is located at 700 SW 16Th Ave Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Strong income potential: Currently generates $6,700/month with upside to $8,800 at market rates.; - Four spacious 2-bedroom, 1-bath units.; - Excellent location: Minutes from I-95, airport, downtown, and the beach.
    (954) 743-7594
    Request Owner's contact information
    700 SW 16Th Ave Fort Lauderdale, FL 33312
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 SW 16Th Ave Fort Lauderdale, FL 33312
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