For Sale
$789,500

1104 16Th AveFort Lauderdale, FL 33304

Two-unit duplex, prime location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional two-unit duplex, located at 1104 NE 16th Ave in Fort Lauderdale, Florida's desirable Progreso neighborhood, presents a lucrative investment opportunity. Built in 1960, this single-story building boasts a recently updated roof and impact windows, ensuring both durability and peace of mind. Each of the two units offers two bedrooms and two bathrooms, providing ample living space for tenants. Convenient in-unit washer and dryer hookups add to the appeal. The property features two separate electrical meters, enhancing efficiency and management. Significant upgrades include a new central AC system (2017) and an updated electrical panel (2018). Situated in the beautiful Lake Ridge area, this property enjoys proximity to a wealth of amenities, including the beach, Las Olas Boulevard, and the Galleria Mall. The asking price is $789,500. This turnkey investment is ready for immediate income generation and offers significant potential for future appreciation in this thriving Florida market. The property's excellent condition and prime location make it an ideal addition to any investment portfolio. Don't miss this chance to acquire a well-maintained, high-demand property in a highly sought-after area.

Highlights

  • $789,500 Asking Price
  • Multifamily property, Duplex, 2 units
  • Built in 1960, 1 story
  • Fort Lauderdale, FL, 33304, located in the Lake Ridge area
  • New roof and impact windows; Washer/dryer in each unit; Updated electrical panel (2018) and central AC (2017); Two electric meters.

Property Details for 1104 16Th Ave

Property type
Apartment buildings, Small apartment buildings
Year Built
1960
Stories
1
Units
2

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.13933
Longitude
-80.127572
1104 16Th Ave, Fort Lauderdale, Florida

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1104 16Th Ave
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