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640 SW 16th Avenue, Fort Lauderdale, FL 33312

$1,450,000

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https://www.propertypanorama.com/instaview/mia/A11946433

Property Type: Residential Income Square Footage: 4,855 Status: Active

Current Price: $1,450,000 List Date: 1/23/2026 Last Modified: 6/01/2026

Overview

Description

Rare opportunity to acquire an enormous 4,855 SF two-story fourplex featuring two 4-bed/2-bath units and two 3-bed/2-bath units with modern interiors, making it a true turn-key investment with plenty of upgrades throughout. The property generates $11,300/month with the owner occupying one unit, offering the option to lease back or move out at sale. All units are individually metered, and each has central air. The building is freshly painted, features impact windows, security cameras throughout, and a 10-year-old roof in excellent condition. Ideally located just minutes from Downtown Fort Lauderdale, major highways, Fort Lauderdale–Hollywood International Airport, and the beach, ensuring strong tenant demand and long-term rental appeal.

Listing Details MLS# A11946433

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 4855
Living Area Main: 4855
Adjusted Area Main: 4855
Year Built: 1976
Parking Total: 5
Stories Total: 2
Pool Private YN: No

Property Features

Documents Available: Financial Statement; Other Available Information; Rent Rolls Flooring: Tile; Other Property Condition: Resale Structure Type: Multi Family Construction Materials: Block; CBS Cooling: Central Air Heating: Central; Separate Meters Listing Terms: Cash; Conventional; Other Possession: Negotiable Roof: Shingle Sewer: Public Sewer Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Water Source: Public Showing Requirements: Call Listing Agent Unit 1 Parking Features: Open Parking Unit 2 Parking Features: Open Parking Unit 3 Parking Features: Open Parking Unit 4 Parking Features: Open Parking

Contract Information

Comp Sale YN: No
Original List Price: 1500000

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 640
Street Direction Prefix: SW
Street Name: 16th
Street Suffix: Avenue
City Name: Fort Lauderdale
State Or Province: FL
Postal Code: 33312
Postal Code +4: 7681
Postal Zip: 33312
Subdivision Name: RIVERSIDE NO 2
Area: 3470
Geographic Area: FTSW - Ft Lauderdale SW (3470-3500;3570-3590)
Elementary School: Croissant Park
Middle Or Junior School: New River
High School: Stranahan
Parcel Number: 504209030061
Subdivision Number: 3
Zoning: RM-15
Flood Zone: AE

Financial Information

Tax Annual Amount: 16160
Tax Year: 2025
Tax Legal Description: RIVERSIDE NO 2 1-104 D LOT 8 W 140 BLK A

Status Change Information

Major Change Timestamp: 2026-02-06T14:48:12Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-02-06T14:48:12Z
Status Change Date: 2026-01-22

More Information

Income and Expenses

Gross Income: 11310

Unit 1 Details

Actual Rent: 2700
Baths Full: 2
Efficiency YN: No

Unit 1 Lease Description

Occupant Type: Owner

Unit 2 Details

Actual Rent: 2900
Baths Full: 2
Efficiency YN: No

Unit 2 Lease Description

Currently Leased YN: Yes

Unit 3 Details

Actual Rent: 2700
Baths Full: 2
Efficiency YN: No

Unit 3 Lease Description

Currently Leased YN: Yes

Unit 4 Details

Actual Rent: 3010
Baths Full: 2
Efficiency YN: No

Unit 4 Lease Description

Currently Leased YN: Yes

Section Details

Parcel Number MLX: 0061

Originating Details

Originating System Key: 425424726
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Flooring

Tile: Yes
Other: Yes

Property Condition

Resale: Yes

Documents Available

Financial Statement: Yes
Other Available Information: Yes
Rent Rolls: Yes

Structure Type

Multi Family: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Heating

Central: Yes
Separate Meters: Yes

Construction Materials

Block: Yes
CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Other: Yes

Roof

Shingle: Yes

Water Source

Public: Yes

Cooling

Central Air: Yes

Showing Requirements

Call Listing Agent: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Unit 1 Parking Features

Open Parking: Yes

Unit 2 Parking Features

Open Parking: Yes

Unit 3 Parking Features

Open Parking: Yes

Unit 4 Parking Features

Open Parking: Yes

Listing Office: Fausto Commercial Realty Consultants Inc

Last Updated: June - 01 - 2026

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