424-428 NE 16th Avenue, Fort Lauderdale, FL 33301
- $1,320,000
- 2,726
- SqFt
- Sold Price
- $1,320,000
- List Price
- $1,399,000
- Days on Market
- 62
- Closing Date
- Apr 25, 2024
- MLS#
- F10422748
- Sq. Ft
- 2,726
- Subtype
- Quadruplex
- County
- Broward
- Subdivision
- Middle River Park 5-28 B
- Year Built
- 1939
Property Description
Phenomenal Multi-Family with a Charming Victoria Park House PLUS THREE ADDITIONAL rental cottages. 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 2/1 & efficiency] with original hardwood floors, updated kitchen and bathrooms and a fenced in backyard. In addition, there is a detached Studio and a Duplex that includes two 1bedroom /1bath apartments. All apartments have Granite Countertops and private outdoor patio. This property generates over $116, 000 in gross annual revenue, potential to generate $140, 000+ yielding above a 7% CAP. Zoned RC-15 the city will allow up to 3 townhomes. Seller accepts Conventional Loans with only 5% Down Payment! See attached Documents for 'Estimated' P&L and Conforming Loan Limit Calculations
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Additional Information
- Construction
- Block, Frame
- Cooling
- Central Air, Wall/Window Unit(s)
- Flooring
- Laminate, Terrazzo, Tile
- Heating
- Central, None, Separate Meters
- Roof
- Flat, Other, Tile
- Taxes
- $12,703
- Utilities
- Cable Available
- Stories
- 1
- Price Per Sqft
- $484
Mortgage Calculator
Listing courtesy of The Keyes Company. Contact:
Selling Office: Florida Capital Realty.
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: David Bartol | Email: