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749 NE 16th Ave 6 Unit Apartment Building $2,500,000 ($416,667/Unit) Fort Lauderdale, FL 33304
INVESTMENT HIGHLIGHTS
- 100% Occupied
- Updated, clean and welcoming units
- Great location in Victoria Park, in the heart of Fort Lauderdale
EXECUTIVE SUMMARY
Victoria Park rental income property operating as 6 units. One 2/1 with private outdoor patio and five 1/1's. Oversized, corner lot is 9,566 SF. All apartments have individual A/C units. One central meter for water and electric. All tenants pay 1/6 of the total utility bills. Units are in good condition with stainless steel appliances. Two blocks from Holiday Park, minutes to the beaches, Las Olas and downtown.
PROPERTY FACTS
| Price | $2,500,000 | Building Class | C |
| Price Per Unit | $416,667 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 6,210 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1963 |
| Apartment Style | Low-Rise | Parking Ratio | 1.5/1,000 SF |
| Zoning | RMM-25 | ||
| Price | $2,500,000 |
| Price Per Unit | $416,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,210 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1963 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | RMM-25 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Tile Floors
- Refrigerator
- Oven
- Grill
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Grill
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | - | 750 |
| 1+1 | 5 | - | 537 |
1 1
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 50-42-02-23-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $989,590 |
PROPERTY TAXES
Parcel Number
50-42-02-23-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$989,590
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749 NE 16th Ave
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