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Property 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.

Features
: Central
: Central Air, Ceiling Fan(s)
: Balcony, Open
: Deeded, Attached, Garage, Garage Door Opener
: Cable Available
: Impact Glass
: Balcony, Security/High Impact Doors
: Tile
: Living/Dining Room, Dual Sinks, Tub Shower, First Floor Entry, Upper Level Primary, Breakfast Bar, Eat-in Kitchen, Main Living Area Entry Level
Appliances
: Dishwasher, Electric Range, Microwave, Dryer, Disposal, Refrigerator, Washer, Washer/Dryer, Self Cleaning Oven
Address Map
US
FL
Broward
Fort Lauderdale
33316
16th St
420
W81° 51' 43''
N26° 6' 7''
SE
420
North
Federal Hwy to SE 16th Street going west. Townhome community on the south side.
3800
Additional Information
2
2
1
: Non-Gated
: Block, Stucco
1
: Slab
2.0
: Two
2024-04-30
Financial
8683.0
400.0
Monthly
: Maintenance Grounds, Association Management, Common Areas, Maintenance Structure, Legal/Accounting
Listing Information
: Listed As-Is
2024-04-30T20:56:46Z
3042420
CLNY01
Cash, Conventional
Active
2024-09-30T21:49:13Z
FTL

Residential For Sale

420 Se 16th St 420, Fort Lauderdale, Florida 33316

3 Bedrooms
3 Bathrooms
1,620
$799,000
Listing ID #F10437259
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : F10437259
Price : $799,000
View : Garden
Bedrooms : 3
Bathrooms : 3
Half Bathrooms : 1
Square Footage : 1,620
Year Built : 2016
Status : Active
Property Attached Yn : 1
Property Sub Type : Townhouse
Full Bathrooms : 2
Contact Agent
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