Property Showcase

820 NE 16th AveFort Lauderdale, FL 33304

$1,875,000
Rentals
Status: Active
  • Sqft:5,980
  • MLS#: F10164531
26.134607315063477-80.127357482910156
Courtesy Of David Alexander Realty

Description:

Cash Cow in the heart of Victoria Park, 10 units (2 buildings) w/eight 1/1's plus two 2/2's with 12 parking spots. Currently 100% rented at below-market rates, this property is generating $106,080 income per year with expenses of $32,471 (Approx $5,400 water, $2,532 trash, $3,180 water, $600 lawn care, $3,100 insurance, $17,659 taxes) netting $73,609. Once renovated, this building could generate a net of around $140K/yr (Or build 7 town homes, zoned RMM-25, buyer to verify with city). Roofs have just been coated with elastomeric coating in 2019. Units in need of updating/renovating, but are fully functional and occupied. Includes hurricane shutters. *Please do not walk the property, all units are occupied, interior inspections may be done once under contract.

Main Features:

Listing Status Active Year Built 1966
County Broward Taxes $17,659.00
Tax Year 2018 Rental Price $0
Units 10 Zoning rmm25
Subdivision Progresso

Additional Features:

Cable Y
Cooling Wall/Window Unit Cooling
Exterior Barbeque
Exterior Lights
Laundry Facility
Patio
Storm/Security Shutters
Flooring Tile Floors
Foreclosed/Reo N
Heating Window/Wall
HOA $0.00
Lot Description 1/4 To Less Than 1/2 Acre Lot
Occupancy Tenant Occupied
Pool N
Possession Subject To Lease
Property Type Fourplex
Rent Includes Sewer
Trash Removal
Water
Roof Flat Tile Roof
Sewer Municipal Sewer
Short Sale N
Special Information As Is
Tax Desc Tax Reflects No Exemptions
Water Municipal Water

Extra Features:

Approx Sqft Total Area 5980 Fax 8882858479
Legal Description PROGRESSO 2-18 D LOT 16 & 17 BLK 241 Net Operating Income 73609
Parking Spaces 12 SQFT Living Area 5616
SQFT Total 5980

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the REALTOR® Association of Greater Fort Lauderdale, Inc. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.
Information deemed reliable but not guaranteed.
Copyright© 2019 REALTOR® Association of Greater Fort Lauderdale, Inc. All Rights Reserved.
Last Updated On: 3/21/2019 7:03:15 AM

820 NE 16th Ave, Fort Lauderdale, FL 33304

Home Sales

Home Sales near 820 NE 16th Ave Fort Lauderdale, FL 33304

Neighborhood info courtesy of Homes.com © 2019

Demographics

Demographics of Fort Lauderdale, FL

Neighborhood info courtesy of Homes.com © 2019

Schools

Schools near 820 NE 16th Ave Fort Lauderdale, FL 33304

Neighborhood info courtesy of Homes.com © 2019

Climate

Climate of Fort Lauderdale, FL

Neighborhood info courtesy of Homes.com © 2019

Houses of Worship

Houses of worship near 820 NE 16th Ave Fort Lauderdale, FL 33304

Neighborhood info courtesy of Homes.com © 2019

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the REALTOR® Association of Greater Fort Lauderdale, Inc. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.
Information deemed reliable but not guaranteed.
Copyright© 2019 REALTOR® Association of Greater Fort Lauderdale, Inc. All Rights Reserved.
Last Updated On: 3/21/2019 7:03:15 AM

recently seen homes

Similar Listings near 820 NE 16th Ave Fort Lauderdale, FL 33304

1st American Group & Investments Realty, Inc.

Victor Patane

Business:(954) 772-0108

request more info.

schedule a showing

What's My Mortgage?

1st American Group & Investments Realty, Inc.

Victor Patane

3427 Galt Ocean DrFort LauderdaleFL33308
Business:(954) 772-0108
Fax:(888) 491-3369
License #:BK0552963
A Knowledgeable Way to Buy and Sell Real Estate
This is a one-stop real estate website for all your home buying and selling needs in Fort Lauderdale and Broward County.
150018355.homesconnect.com is powered by Homes.com & Victor Patane, number one in real estate for Fort Lauderdale, FL © Homes Media Solutions
All rights reserved. All information deemed reliable but not guaranteed