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    1236 16Th Ave Fort Lauderdale, FL 33304

    For Sale
    $789,500

    Prime Location, Fully Renovated, 2 Units

    Property size:
    1,359 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional fully renovated duplex in Fort Lauderdale, Florida presents a unique investment opportunity. Located at 1236 NE 16th Ave, 33304, in Broward County, this single-story, 1959-built property boasts 1,359 square feet and comprises two units. The asking price is $789,500. The property's prime location offers easy access to both the beach and a variety of dining establishments, combining luxury living with unparalleled convenience. The meticulously updated interior is complemented by an inviting backyard oasis. This outdoor space features privacy-enhancing landscaping, low-maintenance artificial turf, two pavilions ideal for entertaining, and a refreshing pool. The versatility of this duplex allows for use as a personal residence, a rental property generating income, or a combination of both. This is a rare opportunity to acquire a meticulously maintained property in a highly desirable Fort Lauderdale location. The property's two units offer significant potential for rental income or personal use, making it an attractive investment for discerning buyers. Don't miss this chance to own a piece of prime Fort Lauderdale real estate.

    Property Features for 1236 16Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,359 SF

    Building Details

    Year Built
    1959
    Stories
    1
    Units
    2

    HighLights

    • $789,500 asking price.
    • Multifamily property, specifically a duplex, totaling 1,359 square feet.
    • Two units.
    • Built in 1959, one story.
    • Located at 1236 NE 16th Ave, Fort Lauderdale, FL 33304.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage 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
    -80.1276672
    Latitude
    26.1422186

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    FAQs

    What type of property is this?
    Multifamily property - Prime Location, Fully Renovated, 2 Units
    Where is this multifamily property located?
    The property is located at 1236 16Th Ave Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $789,500.
    What are key features of this property?
    This property features: $789,500 asking price.; Multifamily property, specifically a duplex, totaling 1,359 square feet.; Two units.
    Request Owner's contact information
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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
    1236 16Th Ave Fort Lauderdale, FL 33304
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