640 16Th AveFort Lauderdale, FL 33312

Property Details for 640 16Th Ave

Year built

1965

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional fourplex in Fort Lauderdale's desirable Riverside Park neighborhood presents a compelling investment opportunity. Built in 1965 and situated on a two-story building at 640 SW 16th Ave, Fort Lauderdale, FL 33312, this property boasts recently completed renovations, including fresh paint and modern finishes throughout all units. The unit mix comprises two three-bedroom, two-bathroom units and two four-bedroom, two-bathroom units, ensuring strong rental demand. Significant upgrades include impact windows, enhancing both security and energy efficiency. For added convenience, an on-site laundry facility is available to tenants. The roof, installed only 10 years ago, is a testament to the property's well-maintained condition and promises years of reliable service. Its proximity to Downtown Fort Lauderdale further enhances its appeal and rental potential. Priced at $2,300,000, this turnkey asset offers immediate income generation and significant long-term growth prospects. Security cameras provide an added layer of protection for both the property and its occupants. This property is a rare find, combining updated amenities with a highly sought-after location, making it an ideal investment for discerning buyers seeking a stable and profitable venture.

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1134

Longitude

-80.1627

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