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Sold for $1,320,000 on 04/25/24
  • $1,320,000

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

    5beds
    5baths
    2,726sqft
    Quadruplex
    Built in 1939
    -- sqft lot
    $1,261,300 Zestimate®
    $484/sqft
    $5,178 Estimated rent

    What's special

    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!

    Zillow last checked: 7 hours ago

    Listing updated: April 26, 2024 at 10:41am

    Listed by:

    Dave Bartol (917)328-4555,

    The Keyes Company

    Bought with:

    Hana Binyamin, 3499421

    Florida Capital Realty

    Source: BeachesMLS ,MLS#: F10422748MLS LogoOriginating MLS: Beaches MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    Heating
    • Central, None
    Cooling
    • Central Air, Wall/Window Unit(s)
    Features
    • Flooring: Laminate, Terrazzo, Tile
    Interior area
    • Total interior livable area: 2,726 sqft

    Property

    Parking
    • Total spaces: 7
    Features
    • Stories: 1
    • Patio & porch: Deck, Porch, Patio
    • Exterior features: Outdoor Shower, Room For Pool
    • Fencing: Fenced
    Lot
    • Size: 8,751 sqft
    • Dimensions: 8750
    • Features: Less Than 1/4 Acre Lot
    Details
    • Parcel number: 504202100610
    • Zoning: RC-15
    • Special conditions: As Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch
    • Property subtype: Quadruplex
    Materials
    • Concrete, Frame
    • Roof: Flat Tile,Other
    Condition
    • Year built: 1939

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available

    Community & neighborhood

    Location
    • Region: Fort Lauderdale
    • Subdivision: Middle River Park 5-28 B

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,FHA-Va Approved
    Services availability
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    Estimated market value

    $1,261,300

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,261,300