420 SE 16th St 420

3-bedroom house for sale in Fort Lauderdale

$799,000
Price
Beds
3
Baths
3
Living Area
1620 Sq. Ft
Price per Sq. Ft.
$493
Living Area м2
151 м2
Price per м2
$ 5 309
Overview:
Living Area 1620 Sq. Ft.
Living Area м2 151 м2
Listing on Apr 30, 2024
Days On Market 19
Tax Annual Amount 8683
Pets Allowed BreedRestrictions,Yes
Garage Spaces 2
Year Build 2016
MLS# F10437259

Description:

Discover an exceptional investment opportunity in downtown Fort Lauderdale with this fully leased townhome community, boasting a seamless operation managed by a reputable sober living company owned by a New York REIT for past 7 years. Current rental rate is $4,800/month. Renewal term is 5 years @ $5,200/month. Corporate tenant pays all utilities and repairs. The HOA management handles rental collections and repairs for all unit owners. This is a turn key investment with minimal effort for owner/investor. 3 bedroom 2.5 bath unit featuring 2 levels, w/ balcony and a two car garage. Great steady investment with appreciation upside, being a fee simple townhome in down town Fort Lauderdale, next to Whole Foods, the famous SE 17th St Causeway bridge and a short ride to the beach.

Property Features:

Address
FL, Fort Lauderdale
Street Name
16th St
Street Number
420
Property Type
Residential / Townhouse
Entry Level
1
Listing Contract Date
2024-04-30
View
Garden
Window Features
Impact Glass
Flooring
Tile
Cooling
Central Air, Ceiling Fans
Security Features
ComplexFenced
Association Fee Frequency
Monthly
Last Modification
2024-05-01 01:10:22
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Exterior Features
  • Balcony
  • Security High Impact Doors
Interior Features
  • BreakfastBar
  • DualSinks
  • Eatin Kitchen
  • FirstFloorEntry
  • Living Dining Room
  • MainLivingAreaEntryLevel
  • UpperLevelPrimary
Appliances
  • Dryer
  • Dishwasher
  • Electric Range
  • Disposal
  • Microwave
  • Refrigerator
  • Self Cleaning Oven
  • WasherDryer
  • Washer
Parking Features
  • Attached
  • Deeded
  • Garage
  • GarageDoorOpener
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