Listed by Fausto Commercial
$955,000
RIVERSIDE NO 2
Details
APN 504209030110
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 3,047
Units 4
Year Built 1970
Zoning RM-15
Parking Spaces 8 spaces
Parking Per SqFt 2.63
Multifamily | 4 Units
Marketing description
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.
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Listed by Fausto Commercial
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