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Home / Listings / B26099709

901 NE 16TH Avenue

Fort Lauderdale, FL 33304

MLS# B26099709

Property Details

Bedrooms

Bathrooms

0

Square Feet

7,772

Year Built

1968

Property Type

Multi Family

Status

Active

Description

PRIME VICTORIA PARK INVESTMENT OPPORTUNITY! 18-unit multifamily property with pool in desirable Fort Lauderdale location. Offered at $3,950,000 ($219,444/unit). Unit mix: 7 studios, 10 one-bedroom and 1 two-bedroom apartments. Features a landscaped courtyard, swimming pool and two-story building. Minutes from Las Olas Blvd, Downtown, Holiday Park and beaches. Monthly rent roll of $29,095 ($349,140 annually). Seller-reported NOI of approximately $217,494, indicating a 5.5% cap rate. Excellent income-producing investment opportunity.

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