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700 SW 16th Avenue, Fort Lauderdale, FL 33312

$995,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11855351

Property Type: Residential Income Square Footage: 3,047 Status: Active

Current Price: $995,000 List Date: 8/17/2025 Last Modified: 5/31/2026

Overview

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.

Listing Details MLS# A11855351

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 3047
Living Area Main: 3047
Adjusted Area Main: 3047
Year Built: 1970
Parking Total: 8
Lot Size Dimensions: 10000
Stories Total: Yes
Pool Private YN: No

Property Features

Documents Available: Other Available Information; Rent Rolls Flooring: Tile; Vinyl 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: Parking Space Unit 2 Parking Features: Parking Space Unit 3 Parking Features: Parking Space Unit 4 Parking Features: Parking Space

Contract Information

Comp Sale YN: No
Original List Price: 1100000

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 700
Street Direction Prefix: SW
Street Name: 16th
Street Suffix: Avenue
City Name: Fort Lauderdale
State Or Province: FL
Postal Code: 33312
Postal Code +4: 7684
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: 504209030110
Subdivision Number: 3
Zoning: RM-15
Flood Zone: AE

Financial Information

Tax Annual Amount: 14125
Tax Year: 2024
Tax Legal Description: RIVERSIDE NO 2 1-104 D LOT 13 W1/2 BLK A

Status Change Information

Major Change Timestamp: 2025-10-27T14:40:16Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-10-27T14:40:16Z
Status Change Date: 2025-08-17

More Information

Income and Expenses

Gross Income: 6675

Unit 1 Details

Actual Rent: 1700
Baths Full: Yes
Efficiency YN: No

Unit 1 Lease Description

Currently Leased YN: Yes

Unit 2 Details

Actual Rent: 1650
Baths Full: Yes
Efficiency YN: No

Unit 2 Lease Description

Currently Leased YN: Yes

Unit 3 Details

Actual Rent: 1675
Baths Full: Yes
Efficiency YN: No

Unit 3 Lease Description

Currently Leased YN: Yes

Unit 4 Details

Actual Rent: 1650
Baths Full: Yes
Efficiency YN: No

Unit 4 Lease Description

Currently Leased YN: Yes

Section Details

Parcel Number MLX: 0110

Originating Details

Originating System Key: 419025115
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Flooring

Tile: Yes
Vinyl: Yes

Property Condition

Resale: Yes

Documents Available

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

Parking Space: Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 3 Parking Features

Parking Space: Yes

Unit 4 Parking Features

Parking Space: Yes

Listing Office: Fausto Commercial Realty Consultants Inc

Last Updated: May - 31 - 2026

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