700 SW 16th Ave, Fort Lauderdale, FL 33312
$950,000 · 3,047 square feet · Active
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 courtesy of Fausto Commercial Realty Consultants Inc, the listing brokerage, 786-748-7373. MLS number A12112046.
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