806 Ne 16th Place Unit #1-8, Fort Lauderdale, FL 33305

$2,450,000

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List Price
$2,450,000
MLS#
B26031058
Lot Size
10,997
Subtype
Multi Family
County
Broward
Community
Not Found
Year Built
1970

Property Description

Exceptional prime investment opportunity in a highly desirable Fort Lauderdale location just steps from Wilton Manors and vibrant Wilton Drive. This well-maintained 8-unit multifamily property features spacious 2-bedroom, 1-bath units with large bedrooms, terrazzo floors, impact windows, and more. The property enjoys strong year-round occupancy and includes a common laundry area that generates additional income. Current leases do not include water, offering a new owner the opportunity to further increase revenue potential. Ideal for investors seeking flexibility, this property presents the opportunity to operate as a combination of short-term furnished rentals and long-term annual leases. Conveniently located just a few miles from the beach, shopping, dining, and major highways.

Additional Information

Status Label
ACTIVE
Total Unitsin Complex
8
Boat Service
Building Only, Business And Building
Construction
Stucco
Cooling
Ceiling Fan(s), Wall/Window Unit(s)
Flooring
Terrazzo, Tile, Wood
Heating
Window/Wall
Lot Description
City Location, Interior Lot, Sprinklers, Fenced
Parking
Assigned, Limited # Of Vehicle
Roof
Tile, Flat Tile, Flat Roof With Facade Front, Tile Roof
Security
No Fire Protection, No Security
Taxes
$25,362
Utilities
Electricity Connected, Other Utilities Available, Electricity Available, Other, Sewer Available, Water Available
Unit Number
1-8
Total Floors
2
Stories
2
Roofing
Tile, Flat Tile, Flat Roof With Facade Front, Tile Roof
Acres
0.25
Boat Services
Building Only, Business And Building

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Listing Courtesy of Gibson Real Estate Services, Contact: