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!
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
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#: F10422748
Originating 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