Description

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.

Address

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Address: 16th Ave
City: Fort Lauderdale
State/county: Broward County
Zip/Postal Code: 33312
Area: RIVERSIDE NO 2

Details

Updated on April 18, 2026 at 2:32 am

Property ID A11855351
Price $995,000
Property Size 3047 Square Feet
Year Built 1970
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Detached
BuildingAreaTotal 3047
BuildingAreaUnits Square Feet
BuildingName RIVERSIDE NO 2
ConstructionMaterials Concrete Block Construction, CBS Construction
ContractStatusChangeDate 2025-08-17
Cooling Central Air
DaysOnMarket 243
DocumentsAvailable Other Available Information, Rent Rolls
ExpirationDate 2026-06-30
Flooring Tile, Vinyl
Heating Central
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 954-743-7594
ListingTerms All Cash, Conventional
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Riverside No 2
MajorChangeTimestamp October 27, 2025 at 01:40pm
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp April 17, 2026 at 05:38pm
NumberOfUnitsInCommunity 4
NumberOfUnitsTotal 4
OnMarketDate 2025-08-17
OriginalEntryTimestamp August 17, 2025 at 06:41pm
OriginalListPrice 1100000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 504209030110
ParkingTotal 8
PhotosChangeTimestamp August 17, 2025 at 06:42pm
PhotosCount 22
Possession Funding
PostalCodePlus4 7684
PreviousListPrice 1050000
PriceChangeTimestamp October 27, 2025 at 01:40pm
PublicSurveyRange 50
PublicSurveyTownship 50
RentIncludes Hot Water, Gardener, Other Rent Incl, Pest Control, Sewer, Trash Collection, Water
Roof Shingle
Sewer Public Sewer
ShowingContactType Agent
ShowingInstructions Call Listing Agent
SourceSystemKey 419025115
StateOrProvince FL
StatusChangeTimestamp August 17, 2025 at 06:41pm
Stories 1
StoriesTotal 1
StreetDirPrefix SW
StreetName 16th Ave
StreetNumber 700
StreetNumberNumeric 700
StructureType Quadruplex, Fourplex
SyndicationRemarks 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.
TaxAnnualAmount 14125
TaxLegalDescription RIVERSIDE NO 2 1-104 D LOT 13 W1/2 BLK A
TaxYear 2024
WaterSource Municipal Water
YearBuiltDetails Resale
Zoning RM-15