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505 SE 16th Ct

Fort Lauderdale, FL 33316 Get directions >

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505 SE 16th Ct Luxury Real Estate

$2,900,000

5,868
Square Feet
  • 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.

    • Additional Details
      • Address505 SE 16th Ct
      • Price$2,900,000
      • CityFort Lauderdale
      • Parking Spaces11
      • MLS #F10343049
      • Property TypeResidential Income
      • Year Built1964
      • Property ClassResidential Income
      • Type of PropertyFourplex
      • StatusActive-Available
      • SubdivisionLauderdale 2-9 D
      • ForeclosureYES

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