$1,320,000
Fort Lauderdale, FL 33301
MLS# F10422748
Status: Closed
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Property Description
Phenomenal Multi-Family with a Charming Victoria Park House PLUS THREE ADDITIONAL rental cottages. Prime location in the Southeast corner of Victoria Park, close to Las Olas Blvd and Fort Lauderdale Beach. This Spacious 8750 sq ft lot includes a lovely 3/2 Main House [now being used as a 2/1 & efficiency] with original hardwood floors, updated kitchen and bathrooms and a fenced in backyard. In addition, there is a detached Studio and a Duplex that includes two 1bedroom /1bath apartments. All apartments have Granite Countertops and private outdoor patio. This property generates over $116, 000 in gross annual revenue, potential to generate $140, 000+ yielding above a 7% CAP. Zoned RC-15 the city will allow up to 3 townhomes. Seller accepts Conventional Loans with only 5% Down Payment!
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2024-02-07
Status: Closed
Original List Price: 1499000
Sold Price: $1,320,000
Current Price: $1,320,000
Location and Legal
County Or Parish: Broward
County Parish Name: Broward
City Name: Fort Lauderdale
Postal Zip: 33301
Geographic Area: FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700)
Country: United States
Street Number: 424-428
Street Direction Prefix: NE
Street Name: 16th
Street Suffix: Avenue
State Or Province: FL
Postal Code: 33301
Postal Code +4: 1338
Subdivision Name: Middle River Park 5-28 B
Area: 3270
Parcel Number: 504202100610
Zoning: RC-15
Directions: East Ft Lauderdale, East of US1. Take Broward East, left (North) on NE 15th Ave to Right (East) on 4th Court then Left (North) on NE 16th Ave. See 424-428 second property on the Right.
General Property Information
Number Of Units Total: 4
Living Area Main: 2726
Lot Size Dimensions: 8750
Gated Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 1
Pool Private YN: No
Spa YN: No
LP/Assessed Value: 2.14
Property Sub Type: Quadruplex
Year Built: 1939
Financial Information
Tax Assessed/SOH Value: 653310
Assessor Market Value: 653310
Tax Annual Amount: 12703
Tax Year: 2021
Tax Legal Description: MIDDLE RIVER PARK 5-28 B LOT 1 S1/2,2 S1/2,N 25 LOT 23 & N 25 LOT 24 BLK 7
Office/Member Information
DXORIGMLSID: FLL
Status Change Information
Buyer Financing: Conventional
Major Change Timestamp: 2024-04-26T02:26:33Z
Major Change Type: Status Change
Price Change Timestamp: 2024-03-11T18:07:11Z
Status Change Date: 2024-04-26
Under Contract Date: 2024-04-09
Close Date: 2024-04-25
Close Price: 1320000
Association Fee Includes
Sewer: 1
Water: 1
Exterior Features
Outdoor Shower: 1
Flooring
Laminate: 1
Terrazzo: 1
Tile: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Special Information
Sold As-Is: 1
Co-Ownership
Property Management YN: No
Documents Available
Rent Rolls: 1
Fencing
Fenced: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Heating
Central: 1
Separate Meters: 1
None: 1
Construction Materials
Block: 1
Frame: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
FHA-VA Approved: 1
Lot Features
Room for Pool: 1
Roof
Flat: 1
Tile: 1
Other: 1
Water Source
Public: 1
Cooling
Central Air: 1
Wall/Window Unit(s): 1
Showing Requirements
24 Hour Notice: 1
Call Listing Agent: 1
Showing Service: 1
Tax Information
City/County: 1
Outdoor Living Spaces
Deck: 1
Patio: 1
Porch: 1
Porch Details
Porch - Open: 1
Contingencies
None: 1
Concessions
Seller Concessions: No
Unit 1 Appliances
Dishwasher: 1
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 1 Details
Actual Rent: 4000
Baths Full: 2
Beds Total: 3
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1200
Unit 1 Lease Description
Currently Leased YN: Yes
Unit 1 Other Equipment
Air Conditioning Unit: 1
Unit 1 Parking Features
Other: 1
Unit 1 Rooms
Family Room: 1
Florida Room: 1
Kitchen: 1
Unit 2 Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Unit 2 Details
Actual Rent: 1925
Baths Full: 1
Efficiency YN: Yes
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 400
Unit 2 Lease Description
Currently Leased YN: Yes
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Features
Other: 1
Unit 3 Appliances
Dishwasher: 1
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 3 Details
Actual Rent: 1800
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 500
Unit 3 Lease Description
Currently Leased YN: Yes
Unit 3 Other Equipment
Air Conditioning Unit: 1
Unit 3 Parking Features
Other: 1
Unit 4 Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 4 Details
Actual Rent: 1965
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 600
Unit 4 Lease Description
Currently Leased YN: Yes
Unit 4 Other Equipment
Air Conditioning Unit: 1
Unit 4 Parking Features
Other: 1
Price Calculations
Current Price To SqFt: 484.23
Original List Price To Close Price: 0.88
Section Details
Parcel Number MLX: 0610
Acreage Description
Less Than 1/4 Acre Lot: 1
Originating Details
Originating System Key: 577993964
Originating System ID: M00000170
Property Features
Association Fee Includes: Water
Documents Available: Rent Rolls
Exterior Features: Outdoor Shower
Fencing: Fenced
Flooring: Laminate; Terrazzo; Tile
Property Condition: Resale
Construction Materials: Block; Frame
Cooling: Central Air; Wall/Window Unit(s)
Heating: Central; Separate Meters; None
Listing Terms: Cash; Conventional; FHA; FHA-VA Approved
Lot Features: Room for Pool
Possession: Close Of Escrow
Roof: Flat; Tile; Other
Sewer: Public Sewer
Special Information: Sold As-Is
Tax Information: City/County
Utilities: Cable Available
Water Source: Public
Showing Requirements: 24 Hour Notice; Call Listing Agent; Showing Service
Outdoor Living Spaces: Deck; Patio; Porch
Porch Details: Porch - Open
Unit 1 Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer
Unit 1 Other Equipment: Air Conditioning Unit
Unit 1 Parking Features: Other
Unit 1 Rooms: Family Room; Florida Room; Kitchen
Unit 2 Appliances: Dishwasher; Range; Refrigerator
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: Other
Unit 3 Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer
Unit 3 Other Equipment: Air Conditioning Unit
Unit 3 Parking Features: Other
Unit 4 Appliances: Dishwasher; Range; Refrigerator; Washer
Unit 4 Other Equipment: Air Conditioning Unit
Unit 4 Parking Features: Other
Contingencies: None
Acreage Description: Less Than 1/4 Acre Lot
Supplements
See attached Documents for 'Estimated' P&L and Conforming Loan Limit Calculations
Listing Office: The Keyes Company
Last Updated: August - 11 - 2026
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