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1040 NE 16th Ave Fort Lauderdale FL 33304 MLS #A11768220

1040 NE 16th Ave
Fort Lauderdale, FL, 33304
$975,000
Beds
0 Bathrooms
5,097 SqFt
0 Acres
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$975,000
1040 NE 16th Ave
Fort Lauderdale, FL, 33304
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Project Description

PRICE IMPROVEMENT on This fabulous triplex, located in beautiful Lake Ridge is super clean and well maintained. The owner’s unit is one level. The living space is open, with plenty of room for dining and entertainment areas. The third bedroom has potential to be the primary bedroom suite or an in-law suite. The two attached townhouses, each have two bedrooms, 1.5 baths, and separate utilities. Shared private pool/ patio oasis is tucked away in the back of the house. Laundry is coin op, and is is in an enclosed area. The owners unit is currently vacant, and could rent for $3000/month. The townhouses have long term tenants, month to month occupancy. Ideal for investment or owner operator. Conveniently located to shopping, dining, 2.5 miles to beach, call and make an appointment today!

Property Details

Price:
$975,000
MLS #:
A11768220
Status:
Active Under Contract
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Triplex
Subdivision:
LAKE RIDGE
Neighborhood:
lakeridge
Listed Date:
Mar 22, 2025
Finished Sq Ft:
5,097
Total Sq Ft:
6,509
Year Built:
1978
PoolLake RidgeLakeridgeLake Ridge

Schools

Interior

Cooling
Central Air
Flooring
Ceramic Floor
Heating
Other

Exterior

Architectural Style
Attached
Construction Materials
Concrete Block Construction
Parking Spots
6
Roof
Composition Roll, Shingle

Financial

Net Operating Income
$55,370
Tax Year
2024
Taxes
$16,533

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Quick Information

Profitability of the Property

Net Monthly Income:
Annual Profitability of:
1040 NE 16th Ave
Fort Lauderdale, FL