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608 SW 16th Ave

Fort Lauderdale, FL 33312
  • $1,200,000
  • STATUS: Active
  • ON SITE: 67 days
  • ID#: F10279520
UPDATED: 73 min ago
$1,200,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,594
    SQFT
  • $261
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:
Area:

School Ratings & Info

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.

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All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2021 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2021-06-17T19:18:22.653.
www.messickhomes.com/homes/115994375
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608 SW 16th Ave Fort Lauderdale, FL 33312

  • Price: $1,200,000
  • Status: Active
  • Updated: 73 min ago
  • ID#: F10279520
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,594
SQFT
$261
$/SQFT
1970
Built
Neighborhood:
Riverside 2 1-104 D
County:
Broward
Area:
3470
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.
Exterior Features

Construction Type Concrete Block Construction Lot Description Less Than 1/4 Acre Lot Parking Spaces 5 Pool No Property Type Information Detached Roof Description Comp Shingle Roof Style Fourplex Type Of Property Fourplex Waterfront Property YN No

Interior Features

Cooling Description Central Cooling Floor Description Tile Floors Heating Description Central Heat

Property Features

Association Fee 0 Association Type None Cable Available Yes Geographic Area Ft Ldale Sw (3470-3500;3570-3590) Information Available AppraisalInvestment AnalysisCopy Of Lease(S) Possession Information Funding Rent Includes None REO No Sewer Description Municipal Sewer Short Sale No Subdivision Name Riverside 2 1-104 D Tax Amount 11197 Tax Information Tax Reflects No Exemptions Tax Year 2020 Terms Considered CashConventional Total Units 4 Unit Count 4 Water Description Municipal Water Year Built Description Resale Zoning Information Rm-15

Listing provided courtesy of The Keyes Company. Listing information © 2021 BeachesMLS


All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2021 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2021-06-17T19:18:22.653.
 
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951 Yamato Rd., Suite 250
Boca Raton FL, 33431