5 NE 16Th Ct Fort Lauderdale, FL 33305

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.