824 16Th St Fort Lauderdale, FL 33304
- Specialty properties
Current Use by Public Records
- Specialty properties
Property Details for 824 16Th St
- Year built
- 1970
- Property type
- Specialty properties
Description
This exceptional investment opportunity presents a five-unit apartment building ideally situated in the desirable Wilton Manors area of Fort Lauderdale, Florida, at 824 NE 16th Street, zip code 33304. The property, built in 1970, boasts a strategic corner lot location off Dixie Highway, offering excellent visibility and accessibility. The building comprises four one-bedroom, one-bathroom units and one two-bedroom, two-bathroom unit, providing a diverse mix of rental options. Recent significant improvements enhance the property's value and appeal. These include a brand-new roof installed in August 2024, fresh exterior paint applied in September 2024, and recently completed parking lot repairs also in September 2024. Further adding to the income potential, the property features an on-site coin-operated laundry facility for tenant convenience. Offered at $1,050,000, this multifamily property represents a compelling investment opportunity in a thriving Florida market. The lot size is not specified. This is a special purpose property.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1349
- Latitude
- 26.1473
