Active
420 SE 16th St 420
Fort Lauderdale FL, 33316
$799,000
$493.21 per sqft
Active
3 Beds
3 Baths
1,620 sqft
Townhomes
Built in 2016
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.
F10437259
MLSⓇ ID
April 30, 2024
Listed
November 22, 2024
Updated
Map
420 SE 16th St 420
Fort Lauderdale FL, 33316
Interior Features
Total Stories
2
Bedrooms
3
Total Bathrooms
3
Full Bathrooms
2
Half Bathrooms
1
Interior Features
Breakfast Bar, Dual Sinks, Eat-in Kitchen, First Floor Entry, Living/Dining Room, Main Living Area Entry Level, Tub Shower, Upper Level Primary
Appliances
Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Self Cleaning Oven, Washer/Dryer, Washer
Floor Description
Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Ceiling Fan(s)
Heating
Yes
Heating Description
Central
Exterior/Building Features
Exterior Features
Balcony, Security/High Impact Doors
Other Property Details
Area Name
3800
Taxes
$8,683
Tax Frequency
Annually
Association Fee
$400
Association Fee Frequency
Monthly
Garage
Yes
Garage Spaces
2
Parking
Attached, Deeded, Garage, Garage Door Opener
View
Yes
View Description
Garden
County
Broward
Pool
No
Listed by: Flagler Duval
Listing Contact:
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Data last updated 6:35 PM UTC, 11/22/2024