1129 NE 16Th Ave Fort Lauderdale, FL 33304
Six-unit residential income property near beach and downtown.
Property Features for 1129 NE 16Th Ave
General Information
- Property type
- Investment
- Standard status
- Active
Building Details
- Year built
- 1964
Source:
Elliman
Listing Agent: Antonio Vurro
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Fort Lauderdale Multifamily Income Property
This residential income property is legally configured as a five-unit building but is currently operated as a six-unit building. The unit mix includes four one-bedroom, one-bathroom units, one efficiency unit, and one two-bedroom, one-bathroom unit. The property features a separate laundry room that provides additional income. Impact windows are installed throughout the building. The property is located close to the beach and downtown. Each unit has a separate electrical meter. The owner is responsible for water, sewer, and garbage expenses. The gross annual income is currently $99,600, with a potential income of $117,600. The current rents are below market value due to long-term tenants. This property is suitable for owner occupancy or use as an Airbnb.
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1280802
- Latitude
- 26.1401675
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit residential income property near beach and downtown.
Where is this apartment building located?
The property is located at 1129 NE 16Th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,249,900.
What are key features of this property?
This property features: - High Income Potential: Current gross annual income of $99,600 with potential to reach $117,600.; - Multi-Unit Income Property: Legal 5-unit building currently operating as a 6-unit residential property.; - Impact Windows: Enhanced protection and potential insurance benefits.
