700-704 SW 16th Ave - Apartments FOR SALE


Fort Lauderdale, FL 33312- Riverside Park
$1,050,000 USD
954-743-7594
700-704 SW 16th Ave, Fort Lauderdale, FL for Sale
$1,050,000 USD
Apartments - FOR SALE
1/15
null | 5.53% Cap Rate

700-704 SW 16th Ave
Fort Lauderdale, FL 33312
Riverside Park


HIGHLIGHTS

  • Fully Occupied: All four 2-bedroom, 1-bath units are currently rented, producing $6,700 in consistent monthly income.
  • Rental Upside: With market rents on the rise, the property has the potential to increase gross income to approximately $8,800 per month.
  • Individually Metered: Each unit comes with central A/C and its own electric meter, allowing tenants to cover utilities and keeping owner expenses low.
  • Great Location: Minutes from I-95, Fort Lauderdale-Hollywood International Airport, Downtown, Las Olas, and the beach, offering tenants excellent.
  • Solid Property: The 3,047 SF building sits on a large 10,000 SF lot, providing long-term stability and room for potential improvements.
  • Growing Market: Located in one of South Florida’s fastest-growing rental corridors, supported by strong demand, job growth, and appreciation trends.

OVERVIEW

Rare investment opportunity in Fort Lauderdale — a 4-unit apartment complex at 700 SW 16th Ave. This 3,047 SF building on a spacious 10,000 SF lot includes four large and spacious 2-bedroom, 1-bath units. Each unit features central AC and individual electric meters. The property currently generates $6,700 in monthly rental income, with strong upside potential to increase rents to approximately $8,800 per month when adjusted to market rates. Ideally located minutes from I-95, Fort Lauderdale-Hollywood International Airport, downtown, and the beach, this property offers excellent access and sits in one of South Florida’s fastest-growing markets.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$357 USD /SF

# OF UNITS

4

PRICE/UNIT

$262,500

CAP RATE

5.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riverside Fourplex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,228 SF

ZONING

RM-15

APN/PARCEL ID

50-42-09-03-0110

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.