824 16Th StFort Lauderdale, FL 33304

Property Details for 824 16Th St

Year built

1970

Property type

Specialty properties

Property subtype

Other specialty properties

Description

This exceptional investment opportunity presents a five-unit apartment building ideally situated in the desirable Wilton Manors area of Fort Lauderdale, Florida, at 824 NE 16th Street, zip code 33304. The property, built in 1970, boasts a strategic corner lot location off Dixie Highway, offering excellent visibility and accessibility. The building comprises four one-bedroom, one-bathroom units and one two-bedroom, two-bathroom unit, providing a diverse mix of rental options. Recent significant improvements enhance the property's value and appeal. These include a brand-new roof installed in August 2024, fresh exterior paint applied in September 2024, and recently completed parking lot repairs also in September 2024. Further adding to the income potential, the property features an on-site coin-operated laundry facility for tenant convenience. Offered at $1,050,000, this multifamily property represents a compelling investment opportunity in a thriving Florida market. The lot size is not specified. This is a special purpose property.

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1473

Longitude

-80.1349

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