14 days on rocket

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

$2,300,000

Home List Price

$10,000*

Closing Credit

0 Baths
4,855 SqFt
$474/SqFt
Multi

Location

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640 SW 16th Ave, Fort Lauderdale$2,300,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1965
HeatingCentral
CoolingCentral Air
MLS #A11658637
StatusActive

About 640 SW 16th Ave

Exceptional investment opportunity!This beautifully renovated Fourplex in the highly sought-after Riverside Park neighborhood, just moments from Downtown Fort Lauderdale, offers an impressive rental potential. Property Highlights: Unit Breakdown: Two units featuring 3 bedrooms and 2 bathrooms each, and two units offering 4 bedrooms and 2 bathrooms each. Recently updated with fresh paint and modern finishes throughout. IMPACT WINDOWS, security cameras, and a convenient on-site laundry room. ROOF Only 10 years old, ensuring reliability and longevity. Located in a prime area with strong rental demand, this property combines updated amenities with a strategic location. Perfect for investors seeking a turnkey asset with excellent income potential. Don't miss out on this fantastic opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1965
  • Stories: 2
  • Living Area: 4,855 SqFt

Listing Office:

  • Office Name: Real Estate Empire Group, Inc.
  • Office Phone: (305) 592-1588
  • Listing Agent: Mirella Schnars PA

Interior Features

Interior Information:

  • Flooring Type: Tile

Virtual/3D Tour

  • Virtual Tour: 640 SW 16th Ave
Virtual Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

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

Other

Directions Information:

  • Directions: East of I-95 north of David Blvd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,300,000
  • Price Per SqFt: $474/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

$479.3K

Med. Price/SqFt

$362

Avg. Days On Market

61

# of Sold Homes

117

640 SW 16th Ave vs Fort Lauderdale

14 DAYS ON ROCKET

-47 Days

$2,300,000

+$1.8M More

$474/SqFt

+$111 More

KEY TAKEAWAY

This property is $1.8M more than the Median Sold Price and $111/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: #A11658637

Listing Office:

  • Office Name: Real Estate Empire Group, Inc.
  • Office Phone: (305) 592-1588
  • Listing Agent: Mirella Schnars PA

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: 9/28/2024, 12:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$11.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,962

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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-964529
5
/10

  • Croissant Park Elementary School

  • 1800 SW 4th Ave

  • 1.44 miles

  • Public District Grades KG-5

Middle School

school-card-donut-964530
3
/10

  • New River Middle School

  • 3100 Riverland Rd

  • 2.16 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-964531
4
/10

  • Stranahan High School

  • 1800 SW 5th Pl

  • 0.17 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. Most Fort Lauderdale, FL residents have annual incomes less than $35k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Broward County›Fort Lauderdale›33312›640 SW 16th Ave

This home is located at 640 SW 16th Ave in Fort Lauderdale, FL and zip code 33312 in the Riverside Park neighborhood. This 4,855 square foot home was built in 1965. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $2,300,000.

While more than 13 listings in Fort Lauderdale, FL in August 2024 were sold above asking price, there were more than 19 listings sold at asking price, and more than 85 were sold below. The number of listings in Fort Lauderdale, FL increased by 11.2% between July 2024 and August 2024. In August 2024 median list price was $479,300 and the average listing age was 61 days.

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

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