Fort Lauderdale, FL

1175 SW 16th Ave, Fort Lauderdale FL 33312

1502 SF LIVING AREA
$1,198,000

Key Details

Status
Active
Property Type
Quadruplex
Year Built
1987

Overview

Excellent investment opportunity in Fort Lauderdale with this multifamily with two independent buildings. Each building has two badroom two-bedroom apartments, offering a total of four units generating $87K/year income, $67K/year NOI for a 5.6% CAP, easily upgradable to comparable units nearby for a total $112K/year income and a $92K NOI and a 7% CAP. With a total of 9,220 square feet of land and 1,502 square feet of construction per building, this property is ideal for investors looking to add value through improvements. Ask us for OM and complete investment package!!

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