820 NE 16th Ave, Fort Lauderdale, FL 33304 | Listings

820 NE 16th Ave, Fort Lauderdale, FL 33304

  • $1,750,000
  • 5,980 sq ft
  • Year Built: 1966
  • Residential Income
  • Listing #F10164531

Property Description

Cash Cow in the heart of Victoria Park, 10-unit complex contains eight 1/1's plus two 2/2's with 12 parking spots. Currently 100% rented at below-market rates, this property is generating $117,120 income per year with expenses of $32,471 (Approximately $5,400 water, $2,532 trash, $3,180 water, $600 lawn care, $3,100 insurance, $17,659 taxes) netting approximately $84,650.00. Once renovated, including addition of central a/c & a w/d in each unit, this project could generate around $180K/yr. Zoning appears to allow 7 town homes based on lot size of 13,500 SF, zoned RMM-25 (buyer to verify with city of Fort Lauderdale). Roofs have just been coated with elastomeric coating in 2019. *Please do not walk the property, all units are occupied, interior inspections may be done once under contract..

Listing Details

Price$1,750,000
Year Built1966
Property TypeResidential Income
Listing #F10164531
StatusActive
CountyBroward
Listing TypeFor Sale
Property Taxes (Annual)$17,659

Interior Features

Square Feet5,980
Heating and CoolingWindow/Wall, Wall/Window Unit Cooling

Courtesy of David Netzer (License #3192423), David Alexander Realty

GFLR Copyright 2019, Greater Fort Lauderdale REALTORS®. All rights reserved. The data relating to real estate for sale on this website is deemed reliable but not guaranteed.
This content last updated on 8/17/2019 5:56 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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