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About This Property
Rare investment opportunity in Fort Lauderdale — a 4-unit apartment complex at 700 SW 16th Ave. This 3,047 SF building on a spacious 10,000 SF lot includes four large and spacious 2-bedroom, 1-bath units. Each unit features central AC and individual electric meters. The property currently generates $6,700 in monthly rental income, with strong upside potential to increase rents to approximately $8,800 per month when adjusted to market rates. Ideally located minutes from I-95, Fort Lauderdale-Hollywood International Airport, downtown, and the beach, this property offers excellent access and sits in one of South Florida’s fastest-growing markets.
Property Features
County
Broward County
Section
Area
3047
Subdivision
RIVERSIDE NO 2
Interior
Cooling
Central Air
Bedrooms
Floors
Tile, Vinyl
Full Baths
Appliances
Heating
Central
Style
Detached
Garage Spaces
Construction/Exterior
Concrete Block Construction, CBS Construction
Patio / Deck Description
Exterior
Has a Pool
Possession
Funding
Lot Size in Acres
Water
Municipal Water
Sewer
Public Sewer
Lot Size in Sq. Ft.
0
Has Waterfront
No
Parking Description
View
Has Garage
No
Roof/Attic
Shingle
Senior Community
No
Other Utilities
Property Type
Residential Income
Pets
Property SubType 2
Quadruplex
Tax Year
2024
Year Built
1970
Tax Amount
$14125
APN
NA
Square Feet Source
NA
Map
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