Best of Luxury Realty

Overview

Status: Closed Sale
Parking No info
Size: 2,726 ft²/253.25 m²
Price Per: $513.21 ft²/$5,524.11 m²
Type: Multifamily
Built: 1939
HOA: No info
MLS Number: F10422748
View No info
On Site: 83 days
Updated: 5 Days Ago
Page Views: 1

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!

Development Amenities

Development Amenities:

Private Pool

Price History

Date	Event	Price	Change Rate	Price Per
04/25/2024	Sold	$1,320,000.00	5.6%	$150.86 ft²/$1,623.81 m²
03/11/2024	Price Reduced	$1,399,000.00	3.5%	$159.89 ft²/$1,721.00 m²
02/08/2024	Listed	$1,449,000.00		$165.60 ft²/$1,782.50 m²

Features

Property Details for 424-428 NE 16th Avenue, Fort Lauderdale, FL 33301

Middle River Park, Multifamily current status is Closed Sale, 424-428 NE 16th Avenue is a Multifamily in , Fort Lauderdale, FL 33301 with property MLS ID# F10422748. This Multifamily has been listed on Best of Luxury Realty since February 08, 2024 and is currently priced at 1,399,000. This property was built in 1939.

Bedrooms
Bedrooms: No info
Bedroom Description: No info

Bathrooms
Full Bathrooms: 0
Half Bathrooms: No info
Master Bathroom Description: No info

Exterior and Lot Features
Exterior Features: Deck, Fence, Open Porch, Outdoor Shower, Patio, Room For Pool
View: No info

Interior, Heating and Cooling
Interior Features: No info
Appliances: No info
Heating Description: Central Heat, No Heat
Cooling Description: No info

Building and Construction
Floor Description: Laminate, Terrazzo Floors, Tile Floors
Windows/Treatment: No info
Construction Type: Concrete Block Construction, Frame Construction
Year Built: 1939
Style: Fourplex

School Information
Elementary School: No info
Middle School: No info
High School: No info

Other Property Info
Community Name: Middle River Park
Subdivision Name: Middle River Park 5-28 B
Property Type: Multifamily
Property Subtype: Residential Income
Type of Association: Homeowners
Garage Spaces: No info
Listing Date: 02/08/2024
Closing Date: 04/25/2024
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.
Area: 3270
Section: 2
Brokered By: The Keyes Company

Taxes, Fees & More
Maintenance/HOA Fees: No info
Taxes (PLEASE NOTE THAT: Property taxes on resale can vary and prorated at approximately 2.0% of the purchase price and/or assessed market value. Tax rates differ between municipalities and may vary depending on location and usage): $12,703.00 (2021)

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Mortgage Calculator

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Area Specialist

Buyer/Tenant Etiquette

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Tracey Schmitt

Real Estate Advisor

Office: (305) 407-1657

Email: tracey@bestofluxuryrealty.com

Specialties:

Luxury Oceanfront Communities, Waterfront Single Family Homes

Memberships:

Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild

This property is courtesy of the The Keyes Company. This listing has been viewed 1 times. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

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*Decrease/Increase: Listing values that are being calculated based on recorded price changes.
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