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301 Sw 16th Street, Fort Lauderdale, FL 33315

$799,500
: 2,530
SqFt

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List Price: $799,500
Price Change: ▼ $75,500 1793315386
MLS#: B26032219
Sq. Ft: 2,530
Lot Size: 6,750
Subtype: Duplex
County: Broward
Community: Croissant Park
Subdivision: Croissant Park
Year Built: 2004

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Property Description

Welcome to your high-yield, fully managed investment opportunity in the heart of Croissant Park, just minutes to the vibrant lifestyle of downtown's Las Olas blvd and Fort Lauderdale's world class beaches. 301 & 305 SW 16th St are being sold in tandem delivering a powerhouse portfolio of 2 lots, with a total of 4 units. Each unit features a spacious 3/2 split floor plan with open living & dining area, full kitchen & laundry. Meticulously designed and fully optimized for specialized group housing, currently serving as a high-demand short-term hub for yachting crew members. Whether you are looking to continue the lucrative crew housing model or pivot to a specialized residential facility, the infrastructure is already in place making this a truly turnkey investment operation from day one. What truly sets these units apart are the size of the units providing oversized bedrooms allowing for exceptional comfort and flexibility. The master bedroom in each unit easily accommodates a king-size bed and has its own ensuite bath, while the two additional large bedrooms have spacious closets and offer versatile configurations perfect for either a king bed or two twin beds depending on your needs. There is plenty of room to relax in the open living room / dining room combo which separates the master from the remaining 2 bedrooms. The full sized kitchens and laundry in each unit is a real convenience for its residents. Enclosed by a full privacy fence, this property serves as a secure haven for residents and a high-performance asset for investors. This is a rare "plug-and-play" opportunity, currently under full professional management and perfectly positioned for someone seeking a completely passive income stream. For the more hands-on owner, the flexibility remains to transition to self-management and take the reins directly. The location is unbeatable for the maritime industry, featuring dedicated off-street parking—a premium commodity in this area—and interior configurations that maximize both utility and privacy. With 12 total bedrooms across the two buildings, the scale offers a level of cash-flow potential that is increasingly difficult to find in the 33315 zip code. If you're looking for a turn-key, high-yield investment with a proven niche and management already in place, this is it.

954-557-5993

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Additional Information

Pets Allowed: Yes
Status Label: ACTIVE
Total Unitsin Complex: 2
Construction: Concrete Block Construction, Slab Construction
Cooling: Ceiling Fan(s), Central Individual A/C
Flooring: Tile
Heating: Other
Lot Description: Less Than 1/4 Acre Lot, Less Than 1 Acre, Oversized Lot, Above Ground Irrigation, Sprinklers
Roof: Comp Shingle Roof, Shingle
Taxes: $13,356
Utilities: Cable Connected, Electricity Connected, Water Connected, Cable Available, Electricity Available, Sewer Available, Water Available
View: Garden
Total Floors: 1
Waterfront: Yes
Stories: 1
Roofing: Comp Shingle Roof, Shingle
Acres: 0.15
Price Per Sqft: $316