10 days on rocket

1175 SW 16th Ave, Fort Lauderdale, FL, 33312

$1,198,000

Home List Price

$10,000*

Closing Credit

0 Baths
1,502 SqFt
$798/SqFt
Multi
Schools Nearby

Location

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1175 SW 16th Ave, Fort Lauderdale$1,198,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1987
HeatingCentral, Electric
CoolingElectric
MLS #A11573474
StatusActive

About 1175 SW 16th Ave

Excellent investment opportunity in Fort Lauderdale with this multifamily with two independent buildings. Each building has two badroom two-bedroom apartments, offering a total of four units generating $87K/year income, $67K/year NOI for a 5.6% CAP, easily upgradable to comparable units nearby for a total $112K/year income and a $92K NOI and a 7% CAP. With a total of 9,220 square feet of land and 1,502 square feet of construction per building, this property is ideal for investors looking to add value through improvements. Ask us for OM and complete investment package!!

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1987
  • Stories: 2
  • Living Area: 1,502 SqFt

Listing Office:

  • Office Name: Optimar International Realty
  • Office Phone: (305) 947-0477
  • Listing Agent: Rosa Poler

Interior Features

Interior Information:

  • Flooring Type: Other, Terrazzo

Virtual/3D Tour

  • Virtual Tour: 1175 SW 16th Ave

Virtual Tour

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Electric

School Info

Assigned Schools Information:

  • Stranahan High School, Public Magnet Grades 9-12
  • New River Middle School, Public Magnet Grades 6-8
  • Croissant Park Elementary School, Public District Grades KG-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,198,000
  • Price Per SqFt: $798/SqFt
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Housing Market Comparison

See how this home compares to others in Fort Lauderdale, FL.

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Fort Lauderdale, FL

City

Med. Sold Price

$473.6K

Med. Price/SqFt

$363

Avg. Days On Market

74

# of Sold Homes

137

1175 SW 16th Ave vs Fort Lauderdale

10 DAYS ON ROCKET

-64 Days

$1,198,000

+$724.3K More

$798/SqFt

+$435 More

KEY TAKEAWAY

This property is $724.3K more than the Median Sold Price and $435/SqFt more than other homes in Fort Lauderdale, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11573474

Listing Office:

  • Office Name: Optimar International Realty
  • Office Phone: (305) 947-0477
  • Listing Agent: Rosa Poler

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/3/2024, 2:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$6,047

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,658

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-5380452
5
/10

  • Croissant Park Elementary School

  • 1800 SW 4th Ave

  • 1.19 miles

  • Public District Grades KG-5

Middle School

school-card-donut-5380453
3
/10

  • New River Middle School

  • 3100 Riverland Rd

  • 1.86 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-5380454
3
/10

  • Stranahan High School

  • 1800 SW 5th Pl

  • 0.38 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,125. The most common annual income of people living in Fort Lauderdale, FL is less than $35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Broward County›Fort Lauderdale›33312›1175 SW 16th Ave

This home is located at 1175 SW 16th Ave in Fort Lauderdale, FL and zip code 33312 in the Riverside Park neighborhood. This 1,502 square foot home was built in 1987. It has been listed on Rocket Homes since April 22, 2024 and is currently priced at $1,198,000.

Fort Lauderdale, FL housing market in April 2024 saw over 15 listings sold above listed price, more than 27 sold at listed price and over 95 sold below. Between March 2024 and April 2024, Fort Lauderdale, FL real estate market has seen increase in the number of listings by 10%. While the average time on the market in April 2024 was 74 days, the median list price was $473,608.

From Rocket Homes Real Estate and based on county public records data.

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