$1,100,000
$1,200,000
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608 SW 16th Ave Fort Lauderdale, FL 33312
4,594 SqFt
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,594 sqft
Price per Sqft $239
Subdivision Riverside 2 1-104 D
MLS Listing ID F10279520
Sold Date 08/06/21
Style Fourplex
Construction Status Resale
HOA Y/N Yes
Year Built 1970
Annual Tax Amount $11,197
Tax Year 2020
Property Description
Multi family in Fort Lauderdale with a fantastic income stream . Triple net lease at 7% cap in place for 4 more years with no expense to the owner. Presently property is rented to one company paying $7427.00 monthly with 3% increase yearly. Tenant pays for everything including tax, insurance , utilities and maintenance. Four 3 bedrooms 2 baths units, all central air, laundry room , plenty of closet spaces, newer windows and property fully fenced. Four electric meters. Extra enclosed back yard area in rear. Close to school, I-95 , beaches and airport.
Location
State FL
County Broward County
Area Ft Ldale Sw (3470-3500;3570-3590)
Zoning RM-15
Interior
Heating Central Heat
Cooling Central Cooling
Flooring Tile Floors
Exterior
Water Access N
Roof Type Comp Shingle Roof
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 2.0000
Foundation Concrete Block Construction
Sewer Municipal Sewer
Water Municipal Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Brokers, LLC