This complex is a total of 11 units consisting of one studio, eight (8) one-bedroom, one-bathroom and two (2) two-bedroom, two-bathroom units. One of the one-bedroom one-bathroom units was recently renovated and currently being rented out as a short-term rental. This unit has proven the success of short-term rentals on this asset bringing in 3x the monthly rent. The 16th Court Apartments have an interior value-add opportunity giving an investor the ability to capture a 40% upside if rented to long term tenants and far more through a short
term rental model. The location of the complex is just minutes away from the many major attractions Fort Lauderdale has to offer. Las Olas Boulevard, Fort Lauderdale International Airport, and the famous beaches of Fort Lauderdale are within two miles.
Address505 SE 16th Ct
Property TypeResidential Income
Property ClassResidential Income
Type of PropertyFourplex
SubdivisionLauderdale 2-9 D
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