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424 NE 16th Avenue

Fort Lauderdale, FL 33301 Get directions >

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424 NE 16th Avenue Luxury Real Estate

$1,399,000

2,726
Square Feet
  • Charming Victoria Park Bungalow PLUS THREE ADDITIONAL separate rental cottages. Located in a prime location in the Southeast corner of Victoria Park, close to Las Olas Blvd and Fort Lauderdale Beach. This Spacious 8750 sq ft lot includes a lovely 3/2 Main House [now being used as a Duplex] with original hardwood floors, updated kitchen and bathrooms and a fenced in backyard. Also a detached Studio and a Duplex that includes two 1bedroom /1bath apartments in the rear of the property. Endless opportunities for this property. This income property currently generates over $115, 000 in gross annual revenue with potential to generate over $165, 000 per year yielding above a 10 Cap. All units are currently short term and can easily be converted into furnished rentals for increased revenue.

    • Additional Details
      • Address424 NE 16th Avenue
      • Price$1,399,000
      • CityFort Lauderdale
      • Parking Spaces7
      • MLS #F10365344
      • Property TypeResidential Income
      • Year Built1939
      • Property ClassResidential Income
      • Type of PropertyFourplex
      • StatusActive-Available
      • SubdivisionMiddle River Park 5-28 B

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