$1,100,000
$1,200,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
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
Style Fourplex
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
Building
Lot Description Less Than 1/4 Acre Lot
Story 2.0000
Foundation Concrete Block Construction
Sewer Municipal Sewer
Water Municipal Water
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Brokers, LLC