10
See all 10 photos
$2,000,000
Est. payment /mo
0.26 Acres Lot
Active
1241 NE 16th Ter Fort Lauderdale, FL 33304
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UPDATED:
11/19/2024 05:26 PM
Key Details
Property Type Multi-Family, Commercial
Sub Type Income/Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID F10472248
HOA Y/N No
Total Fin. Sqft 11480
Year Built 1969
Tax Year 2024
Lot Size 0.264 Acres
Property Sub-Type Income/Multi-Family
Property Description
This remarkable multifamily property offers a blend of impeccable location and income-generating potential in the center of Fort Lauderdale. It offers 7 conforming units with an additional non-conforming unit. The versatile layout includes 3 studio apartments, 3 1-bedroom/1-bath units, and a spacious 3-bedroom/2-bath residence, accommodating everyone seeking ample living space.
This fully-leased multifamily asset stands as a premier income-generating opportunity, anchored by a solid base of long-term, quality tenants. Beyond stable rental income, the property also benefits from an additional passive revenue stream through its on-site, coin-operated laundry facility, offering investors a consistent boost to overall cash flow.
This fully-leased multifamily asset stands as a premier income-generating opportunity, anchored by a solid base of long-term, quality tenants. Beyond stable rental income, the property also benefits from an additional passive revenue stream through its on-site, coin-operated laundry facility, offering investors a consistent boost to overall cash flow.
Location
State FL
County Broward County
Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700)
Zoning RC-15
Exterior
Water Access N
Private Pool No
Others
Pets Allowed No
Listed by Native Realty Co.