5 16Th Ct Fort Lauderdale, FL 33305
- Small apartment buildings
- 2,829 SF
Current Use by Public Records
- Small apartment buildings
Property Details for 5 16Th Ct
- Year built
- 1975
- Property size
- 2,829 SF
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a well-maintained two-unit apartment building located in the desirable Fort Lauderdale, Florida, area. The property, known as PLACIDO PLACE, boasts a total of 2,829 square feet and is situated at 5 NE 16th Ct, Fort Lauderdale, FL 33305. Built in 1975, this two-story building offers two spacious units, each featuring five bedrooms and two bathrooms. The asking price for this multifamily property is $1,100,000. This presents a strong potential for rental income and appreciation in a thriving Florida market. The property's location in Broward County offers convenient access to local amenities, transportation, and attractions. The solid construction and established tenancy make this a low-risk, high-reward investment opportunity. The property's size and layout provide ample space for residents, while the dual-unit structure offers flexibility for management and potential for future expansion or renovation. This is an ideal acquisition for investors seeking a stable, income-generating asset in a prime South Florida location. Serious inquiries are encouraged to explore this lucrative investment prospect further. Detailed financial information and property disclosures are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1456454
- Latitude
- 26.1484462
