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$1,090,000
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Property Description
New Listing - Prime Multifamily Investment Opportunity in Fort Lauderdale Discover an exceptional chance to secure a profitable asset in a rapidly developing neighborhood. This property features two standalone buildings, each offering two spacious 2BR/2BA units (four total). Currently generating $90K+ in annual income and approximately $70K in NOI (a 6%+ CAP), this investment has clear upside potential with nearby comps suggesting $110K+ in possible annual income after upgrades.Each building boasts 1,502 SF of well-maintained living space, set on a combined 9,220 SF lot. Surrounded by new developments in a gentrifying location, this is a rare opportunity to add value through modern renovations and strategic improvements.
Full Property Details
Full Property Details for 1185 SW 16th Ave
General
- Sold For: $1,090,000
- Taxes: $7,878 (2023)
- Status: Closed
- Type: Multi-Family
- Source: Greater_Miami
- MLS ID: A11735110
Property History
- 1185 SW 16th Ave, Fort Lauderdale, FL
- Sold $1,090,000 on 3/27/25
- Listed $1,140,000 on 1/29/25
Rental Information
- Rent Includes: None, Trash Collection
Interior
- Flooring: Ceramic Floor
Parking
- Total Spaces: 4
Location
- Area: Riverside Park Add Amen P
- County: Broward County
- Subdivision: RIVERSIDE PARK ADD AMEN P
- Building Name: RIVERSIDE PARK ADD AMEN P
Community
- Community Name: Riverside Park Add Amen P
- Units Assoc/Comm: 1
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: Ranch
- Structure Type: Quadruplex, Fourplex
- Detached/Attached: Detached
- Construction: Other
- Roof: Other
- Stories/Levels: 2
- Building Size: 1502
- Square Feet: 1,502
- Living Area: 1,502 Sq. Ft.
- Year Built: 1988
Unit Information
- Units in Complex: 1
Lot Features
- Lot Features: Less Than 1/4 Acre Lot
- Potential Use: Primary
- Zoning: RD-15
Financial Considerations
- Price Per Sq. Ft.: $725.7
- Tax Amount: $7,878
- Tax Year: 2023
- Terms: All Cash, Conventional
Disclosures and Reports
- Documents Avail.: Other Available Information
- Legal Description: RIVERSIDE PARK ADD AMEN PLAT 10-37 B LOT 24 TO 26 LESS N 46 THEREOF TOGETHER WITH W 25 OF VAC 16 AVE BLK 14, LESS STRIP OF LAND OVER & ACROSS
- Property ID: 504209130420
Listed by Optimar International Realty
Sold by Top Tier International Realty, LLC.
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Schools
Schools serving 1185 SW 16th Ave
School District:Broward County School District
| Name | Grades | Distance |
|---|---|---|
Croissant Park Elementary School 1800 Southwest 4th Avenue, Fort Lauderdale, FL 33315 | K-5 | 1.2 mi |
New River Middle School 3100 Riverland Road, Fort Lauderdale, FL 33312 | 6-8 | 1.9 mi |
Stranahan High School 1800 Southwest 5th Place, Fort Lauderdale, FL 33312 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
1185 SW 16th Ave, Fort Lauderdale, FL 33312 (MLS# A11735110) is a Multi-Family property that was sold at $1,090,000 on March 27, 2025. Want to learn more about 1185 SW 16th Ave? 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.

