1104 16Th AveFort Lauderdale, FL 33304

Property Details for 1104 16Th Ave

Year built

1960

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1393

Longitude

-80.1276

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