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Image 1 - 1175 Sw 16th Ave, Fort Lauderdale, Florida, 33312 - House for sale
Image 2 - 1175 Sw 16th Ave, Fort Lauderdale, Florida, 33312 - House for sale
Image 3 - 1175 Sw 16th Ave, Fort Lauderdale, Florida, 33312 - House for sale
Image 4 - 1175 Sw 16th Ave, Fort Lauderdale, Florida, 33312 - House for sale
Image 5 - 1175 Sw 16th Ave, Fort Lauderdale, Florida, 33312 - House for sale
Image 6 - 1175 Sw 16th Ave, Fort Lauderdale, Florida, 33312 - House for sale
Image 7 - 1175 Sw 16th Ave, Fort Lauderdale, Florida, 33312 - House for sale
Image 8 - 1175 Sw 16th Ave, Fort Lauderdale, Florida, 33312 - House for sale
Image 9 - 1175 Sw 16th Ave, Fort Lauderdale, Florida, 33312 - House for sale
Home For Sale In Fort Lauderdale, Florida
1175 Sw 16th Ave, Fort Lauderdale, Florida, 33312

Home For Sale In Fort Lauderdale, Florida

house for sale
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Listed: 04/25/24

1175 Sw 16th Ave, Fort Lauderdale, Florida, 33312

8 Bed:
4 Bath:
1,502 Sq Ft Living Area:
Save
Price
$ 1,2M

About This House

Excellent investment opportunity in Fort Lauderdale with this multifamily with two independent buildings. Each building has two 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 NOIand a 7% CAP. With a total of9, 220square feet of land and1, 502square 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!!

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Fort Lauderdale Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
Show as List Show as Graph
In May 2024, the asking price for 2 bed houses for sale in/near Fort Lauderdale, United States averaged $639,046, a decrease of 4.4% from the previous month.
Median price trends for properties for sale in Fort Lauderdale, United States as of May 2024.

Household Income

Median household income: $52,315
Number of households: 73,657
The average household income in Fort Lauderdale, FL grew from $51,648 to $52,315 in the past year. This data is an estimate based upon 73,657 households in Fort Lauderdale, FL.
The chart below presents how household income is distributed in Fort Lauderdale, FL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Fort Lauderdale, FL compared to median property taxes around the country. The prevalent amount of property taxes in Fort Lauderdale, FL equals $3k+ , which is more than the national average.