640, Southwest 16th Avenue, Fort Lauderdale, United States
Broward County, FL 33312
$1,500,000
- Multi-family
- 4,855 SF building
- 7,000 SF lot
- $309/SF
Highlights
- 4,855 SF building on a 7,000 SF lot
- 4 units
- Asking $309/SF
Property facts
- Price
- $1,500,000
- Price per SF
- $309/SF
- Property type
- Multi-family
- Building size
- 4,855 SF
- Lot size
- 7,000 SF
- Units
- 4
About this property
Rare opportunity to acquire a beautifully renovated 4,855 SF fourplex on a 7,000 SF lot with strong rental demand and excellent income potential, featuring two 3-bed/2-bath units and two 4-bed/2-bath units with spacious layouts and modern finishes, making it a true turn-key investment. The property currently generates a GOI of $103,320 with a pro forma GOI of $156,000, offering clear upside; one unit is owner-occupied, allowing flexibility for buyer occupancy or lease-up at market rent to boost cash flow. Ideally located approximately 5 minutes from major highways and Downtown Fort Lauderdale, 10 minutes from Fort Lauderdale–Hollywood International Airport, and 10 minutes from the beach, ensuring excellent accessibility and long-term tenant appeal.
From the listing broker.
Location
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