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Riverside No 2

$1,100,000

700 SW 16th Ave, Fort Lauderdale, FL 33312

Active
Last Updated: 08/18/2025

3,047 sqft

Building Size

4

Units

Details:
Building Size:    3,047 sqft
Units:    4
Year Built:    1970
Floors:    1
Parking Spots:    8
Gross Leaseable Area:    3,047
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot
  • Documents Available: Other Available Information, Rent Rolls
  • Architectural Style: Detached
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Tile, Vinyl
  • Construction Materials: Concrete Block Construction, CBS Construction
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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