1129 NE 16Th Ave, Unit 1-5 Fort Lauderdale, FL 33304
Six-unit residential building near the beach, suitable for Airbnb.
Lot size:
0.16 AcresProperty Features for 1129 NE 16Th Ave
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.16 Acres
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
Residential Income Property Near Beach
This residential income property is legally configured as a five-unit building but is currently operated as a six-unit property. The unit mix includes four one-bedroom, one-bathroom units, one efficiency unit, and one two-bedroom, one-bathroom unit. A separate laundry room provides an opportunity for additional income. The building is equipped with impact windows. The property is positioned as suitable for either owner occupancy or use as an Airbnb. It is located close to both the beach and downtown areas. The building features separate electrical meters. The owner is responsible for covering the costs of water, sewer, and garbage services. The current gross yearly income is $99,600, with a potential income of $117,600. The property benefits from long-term, stable tenants and a landlord who is described as very generous.
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 building near the beach, suitable for Airbnb.
Where is this apartment building located?
The property is located at 1129 NE 16Th Ave, Unit 1-5 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 income property.; - Includes a variety of unit types: four 1-bed/1-bath units, one efficiency, and one 2-bed/1-bath unit.
