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

 

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