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820 NE 16th Ave, Fort Lauderdale, FL – $1,750,000

  • $1,750,000 Price
  • 13,500 Sqft
  • 169 DOM
  • $1,750,000 Price
  • 13,500 Sqft
  • 169 DOM

820 NE 16th Ave

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.

Essential Information

  • MLS® #F10165545
  • Price$1,750,000
  • Bathrooms0.00
  • Square Footage13,500
  • Acres0.00
  • Year Built1966
  • TypeCommercial/Industrial
  • Sub-TypeApartments
  • StyleIncome Non-Waterfront
  • StatusActive-Available

Community Information

  • Address820 NE 16th Ave
  • Area3270
  • SubdivisionVictoria Park Regency
  • CityFort Lauderdale
  • CountyBroward County
  • StateFL
  • Zip Code33304-4431

Amenities

  • Parking Spaces12

Interior

  • CoolingWall/Window Unit Cooling
  • # of Stories1
  • Stories1

Exterior

  • RoofTile Roof
  • ConstructionConcrete Block Construction

Additional Information

  • Days on Market169
  • Zoningrmm25

Listing Details

  • OfficeDavid Alexander Realty
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Price Change History for 820 NE 16th Ave, Fort Lauderdale, FL (MLS® #F10165545)

Date Details Change
Price Reduced from $1,775,000 to $1,750,000 $25,000 (1.41%)
Price Reduced from $1,875,000 to $1,775,000 $100,000 (5.33%)

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