7 months on rocket

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

$1,165,000

Home List Price

$10,000*

Closing Credit

0 Baths
1,502 SqFt
$776/SqFt
Multi

Location

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1175 SW 16th Ave, Fort Lauderdale$1,165,000

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
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Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Electric

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,165,000
  • Price Per SqFt: $776/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

$484.4K

Med. Price/SqFt

$366

Avg. Days On Market

75

# of Sold Homes

93

1175 SW 16th Ave vs Fort Lauderdale

213 DAYS ON ROCKET

+138 Days

$1,165,000

+$680.5K More

$776/SqFt

+$410 More

KEY TAKEAWAY

This property is $680.5K more than the Median Sold Price and $410/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: 11/21/2024, 8:20:48 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.

Payment Calculator

$5,882

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,559

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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.

Nearby Schools

school-card-donut-416226
6
/10

  • Riverland Elementary School

  • 2600 SW 11th Ct

  • 0.83 miles

  • Public Magnet Grades PK-5

school-card-donut-416227
2
/10

  • North Fork Elementary School

  • 101 NW 15th Ave

  • 1.09 miles

  • Public Magnet Grades PK-5

school-card-donut-416228
6
/10

  • Croissant Park Elementary School

  • 1800 SW 4th Ave

  • 1.21 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

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

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 $1,165,000.

In October 2024, from all listings sold in Fort Lauderdale, FL there were more than 12 sold above asking price, over 72 sold below and more than 9 were sold right at the asked price. The inventory of homes for sale in Fort Lauderdale, FL between September 2024 and October 2024 increased by 13.2%. The median list price of listings available in October 2024 was $484,475, while the average time on the real estate market was 75 days.

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

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