700 16th Ave ,Detached, Quadruplex, Riverside No 2 for Sale

700 16th Ave for Sale

Price $1,100,000.00

• Lot size 3047
• Year Build 1970
• Waterfront
• Zip 33312
• Style Detached
• Parking Description
• Pool Yes
• Status Active

Description

Rare investment opportunity in Fort Lauderdale ? a 4-unit apartment complex at 700 SW 16th Ave. This 3,047 SF building on a spacious 10,000 SF lot includes four large and spacious 2-bedroom, 1-bath units. Each unit features central AC and individual electric meters. The property currently generates $6,700 in monthly rental income, with strong upside potential to increase rents to approximately $8,800 per month when adjusted to market rates. Ideally located minutes from I-95, Fort Lauderdale-Hollywood International Airport, downtown, and the beach, this property offers excellent access and sits in one of South Florida?s fastest-growing markets.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=

RIVERSIDE NO 2 1-104 D LOT 13 W1/2 BLK A

Less Than 1/4 Acre Lot

Rare investment opportunity in Fort Lauderdale ? a 4-unit apartment complex at 700 SW 16th Ave. This 3,047 SF building on a spacious 10,000 SF lot includes four large and spacious 2-bedroom, 1-bath units. Each unit features central AC and individual electric meters. The property currently generates $6,700 in monthly rental income, with strong upside potential to increase rents to approximately $8,800 per month when adjusted to market rates. Ideally located minutes from I-95, Fort Lauderdale-Hollywood International Airport, downtown, and the beach, this property offers excellent access and sits in one of South Florida?s fastest-growing markets.

City:Fort Lauderdale,Zoning:RM-15,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2024,Flooring:1:Vinyl,Latitude:26.1127604,Cooling Y N:1,Heating Y N:1,List Price:1100000,Listing Id:A11855351,Longitude:-80.1624436,Mls Status:Active,Year Built:1970,Living Area:3047,Postal Code:33312,Street Name:16th Ave,Coordinates:1:26.1127604,Photos Count:22,Building Name:RIVERSIDE NO 2,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:3342,M L S Area Major:Riverside No 2,On Market Date:2025-08-17,Parcel Number:504209030110,Parking Total:8,Property Type:Residential Income,Rent Includes:1:Gardener,2:Other Rent Incl,3:Pest Control,4:Sewer,5:Trash Collection,6:Water,Stories Total:1,Street Number:700,M I A M I R E_ Style:Fourplex,Public Remarks:Rare investment opportunity in Fort Lauderdale ? a 4-unit apartment complex at 700 SW 16th Ave. This 3,047 SF building on a spacious 10,000 SF lot includes four large and spacious 2-bedroom, 1-bath units. Each unit features central AC and individual electric meters. The property currently generates $6,700 in monthly rental income, with strong upside potential to increase rents to approximately $8,800 per month when adjusted to market rates. Ideally located minutes from I-95, Fort Lauderdale-Hollywood International Airport, downtown, and the beach, this property offers excellent access and sits in one of South Florida?s fastest-growing markets.,Structure Type:1:Fourplex,County Or Parish:Broward County,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:7684,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:SW,Subdivision Name:RIVERSIDE NO 2,Tax Annual Amount:14125,Unparsed Address:700 SW 16th Ave, Fort Lauderdale FL 33312,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:3047,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:361.0108,Original List Price:1100000,Public Survey Range:50,Documents Available:1:Rent Rolls,I D X Participation Y N:1,Syndication Remarks:Rare investment opportunity in Fort Lauderdale ? a 4-unit apartment complex at 700 SW 16th Ave. This 3,047 SF building on a spacious 10,000 SF lot includes four large and spacious 2-bedroom, 1-bath units. Each unit features central AC and individual electric meters. The property currently generates $6,700 in monthly rental income, with strong upside potential to increase rents to approximately $8,800 per month when adjusted to market rates. Ideally located minutes from I-95, Fort Lauderdale-Hollywood International Airport, downtown, and the beach, this property offers excellent access and sits in one of South Florida?s fastest-growing markets.,Listing Contract Date:2025-08-17,Originating System I D:miamire,Showing Instructions:Call Listing Agent,Street Number Numeric:700,Tax Legal Description:RIVERSIDE NO 2 1-104 D LOT 13 W1/2 BLK A,Public Survey Township:50,Construction Materials:1:CBS Construction,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:3047,M I A M I R E_ Internet Remarks:Please visit Fausto Commercial Realty,Contract Status Change Date:2025-08-17,Internet Address Display Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:361.01,Internet Automated Valuation Display Y N:1,