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424-428 NE 16th Avenue, Fort Lauderdale, FL 33301
$1,320,000
424-428 NE 16th Avenue, Fort Lauderdale, FL 33301View this property at 424-428 NE 16th Avenue, Fort Lauderdale, FL 33301
424-428 NE 16th AvenueFort LauderdaleFL33301
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Property Description
Phenomenal Multi-Family with a Charming Victoria Park House PLUS THREE ADDITIONAL rental cottages. Prime location in the Southeast corner of Victoria Park, close to Las Olas Blvd and Fort Lauderdale Beach. This Spacious 8750 sq ft lot includes a lovely 3/2 Main House [now being used as a 2/1 & efficiency] with original hardwood floors, updated kitchen and bathrooms and a fenced in backyard. In addition, there is a detached Studio and a Duplex that includes two 1bedroom /1bath apartments. All apartments have Granite Countertops and private outdoor patio. This property generates over $116, 000 in gross annual revenue, potential to generate $140, 000+ yielding above a 7% CAP. Zoned RC-15 the city will allow up to 3 townhomes. Seller accepts Conventional Loans with only 5% Down Payment!
Full Property Details
Full Property Details for 424-428 NE 16th Ave
General
- Sold For: $1,320,000
- Taxes: (2021)
- Status: Closed
- Type: Multi-Family
- MLS ID: F10422748
- Added to Site: 91 day(s) ago
Interior
- Flooring: Laminate, Terrazzo Floors, Tile Floors
Exterior
- Exterior Features: Deck, Fence, Open Porch, Outdoor Shower, Patio, Room For Pool
Location
- Area: 3270
- County: Broward County
- Subdivision: Middle River Park 5-28 B
- Driving Directions: East Ft Lauderdale, East of US1. Take Broward East, left (North) on NE 15th Ave to Right (East) on 4th Court then Left (North) on NE 16th Ave. See 424-428 second property on the Right.
Heating & Cooling
- Cooling Type: Central Cooling, Wall/Window Air Conditioning
- Heating Type: Central Heat, No Heat
Utilities
- Sewer: Municipal Sewer
- Water: Municipal Water
- Cable Available: Yes
Structural Information
- Architectural Style: Fourplex
- Construction: Concrete Block Construction, Frame Construction
- Roof: Flat Tile Roof, Other Roof
- Living Area: 2,726 Sq. Ft.
- Year Built: 1939
Unit Information
Unit 1
- Bedrooms: 3
Unit 3
- Bedrooms: 1
Unit 4
- Bedrooms: 1
Lot Features
- Lot Size: 8750
- Zoning: RC-15
- Lot Description: Less Than 1/4 Acre Lot
Financial Considerations
- Tax Year: 2021
- Terms: Cash, Conventional, FHA, FHA-Va Approved
Disclosures and Reports
- Legal Description: MIDDLE RIVER PARK 5-28 B LOT 1 S1/2, 2 S1/2, N 25 LOT 23 & N 25 LOT 24 BLK 7
- Property ID: 504202100610
Listed by The Keyes Company
Sold by Florida Capital Realty
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Price & Sales History for 424-428 NE 16th Ave
Date
Details
Price
Change
Source
4/25/2024
Sold
$1,320,000
-5.65%
MLS
3/11/2024
Price Reduced
$1,399,000
-3.45%
MLS
2/26/2024
Price Reduced
$1,449,000
-3.34%
MLS
2/08/2024
Listed
$1,499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
424-428 NE 16th Avenue, Fort Lauderdale, FL 33301 (MLS# F10422748) is a Multi-Family property that was sold at $1,320,000 on April 25, 2024. Want to learn more about 424-428 NE 16th Avenue? Do you have questions about finding other Multi-Family real estate for sale in Fort Lauderdale? You can browse all Fort Lauderdale real estate or contact a Coldwell Banker agent to request more information.