About 806 Ne 16th Place #1-8
Exceptional prime investment opportunity in a highly desirable Fort Lauderdale location just steps from Wilton Manors and vibrant Wilton Drive. This well-maintained 8-unit multifamily property features spacious 2-bedroom, 1-bath units with large bedrooms, terrazzo floors, impact windows, and more. The property enjoys strong year-round occupancy and includes a common laundry area that generates additional income. Current leases do not include water, offering a new owner the opportunity to further increase revenue potential. Ideal for investors seeking flexibility, this property presents the opportunity to operate as a combination of short-term furnished rentals and long-term annual leases. Conveniently located just a few miles from the beach, shopping, dining, and major highways.
Features of 806 Ne 16th Place #1-8
| MLS® # | B26031058 |
|---|---|
| Price | $2,450,000 |
| Acres | 0.25 |
| Year Built | 1970 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 806 Ne 16th Place #1-8 |
|---|---|
| Area | 3370 |
| City | Fort Lauderdale |
| County | Broward |
| State | FL |
Amenities
| Utilities | Electricity Available, Other, Sewer Connected, Water Connected |
|---|---|
| Parking | Assigned |
Interior
| Heating | Window/Wall |
|---|---|
| Cooling | Ceiling Fan(s), Wall/Window Unit(s) |
| # of Stories | 2 |
Exterior
| Lot Description | Interior Lot |
|---|---|
| Roof | Flat, Tile |
| Construction | Stucco, Concrete Block - With Stucco |
Additional Information
| Zoning | RDS-15 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Gibson Real Estate Services |
|---|