Description

This building is perfect for section 8. Section pays for this Zip code $3,047. That brings in $146K gross and about $115K Net. It consist of four units of 3 bedrooms 2 Bathrooms of 1,200 SF each. Two closets of laundry. 6 parking spaces total. Freshly painted . Impact windows. CAP of 7%. 40% of seller financing.

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 December 3, 2025 at 7:03 pm

Property ID A11911327
Price $1,615,000
Property Size 4855 Square Feet
Year Built 1970
Type Quadruplex
Property Status Residential Income

Additional details

BuildingAreaTotal 4855
BuildingAreaUnits Square Feet
BuildingName RIVERSIDE NO 2
ConstructionMaterials CBS Construction
ContractStatusChangeDate 2025-11-10
Cooling Central Air
DaysOnMarket 23
DocumentsAvailable Financial Statement, Inventory, Rent Rolls
ExpirationDate 2026-05-10
Flooring Tile
Heating Central
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 203-508-2407
ListingTerms All Cash, Conventional, Owner Will Carry
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Riverside No 2
MajorChangeTimestamp December 3, 2025 at 04:40pm
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp December 3, 2025 at 04:40pm
NetOperatingIncome 74720
NumberOfUnitsInCommunity 4
NumberOfUnitsTotal 4
OnMarketDate 2025-11-10
OperatingExpense 30757
OriginalEntryTimestamp November 10, 2025 at 04:18pm
OriginalListPrice 1650000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 504209030018
ParkingTotal 4
PhotosChangeTimestamp November 20, 2025 at 03:56pm
PhotosCount 35
Possession Funding
PostalCodePlus4 7677
PreviousListPrice 1625000
PriceChangeTimestamp December 3, 2025 at 04:40pm
PublicSurveyRange 50
PublicSurveyTownship 50
RentIncludes None
Roof Shingle
Sewer Public Sewer
ShowingContactType Agent
ShowingInstructions Call Listing Agent
SourceSystemKey 422994952
StateOrProvince FL
StatusChangeTimestamp November 10, 2025 at 04:18pm
Stories 2
StoriesTotal 2
StreetDirPrefix SW
StreetName 16th Ave
StreetNumber 608
StreetNumberNumeric 608
StructureType Quadruplex, Fourplex
SyndicationRemarks This building is perfect for section 8. Section pays for this Zip code $3, 047. That brings in $146K gross and about $115K Net. It consist of four units of 3 bedrooms 2 Bathrooms of 1, 200 SF each. Two closets of laundry. 6 parking spaces total. Freshly painted . Impact windows. CAP of 7%. 40% of seller financing.
TaxAnnualAmount 19378
TaxLegalDescription RIVERSIDE NO 2 1-104 D LOT 4 W 140 BLK A
TaxYear 2025
TotalActualRent 105477
YearBuiltDetails Resale
Zoning RM-15