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Sold for $1,320,000
    • $1,320,000

    424-428 NE 16th Avenue, Fort Lauderdale, FL 33301

    5beds
    5baths
    2,726sqft
    Quadruplex, Multi Family, Multi Family
    Built in 1939
    -- sqft lot
    $1,451,500 Zestimate®
    $484/sqft
    $4,121 Estimated rent

    Home value

    $1,451,500

    $1.32M - $1.63M

    $4,121/mo

    Zestimate® history
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    $4,121/mo

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    $9,407/mo

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    $9,407/mo

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    What's special

    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! See attached Documents for 'Estimated' P&L and Conforming Loan Limit Calculations

    Zillow last checked:

    Listing updated:

    Listed by:

    David Bartol 954-467-0105,

    The Keyes Company

    Bought with:

    Hana Binyamin

    Florida Capital Realty

    Source: BeachesMLS,MLS#: F10422748MLS LogoOriginating MLS: BeachesMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    Heating
    • Central, None, Separate Meters
    Cooling
    • Central Air, Wall/Window Unit(s)
    Features
    • Flooring: Laminate, Terrazzo, Tile
    Interior area
    • Total interior livable area: 2,726 sqft

    Property

    Features
    • Patio & porch: Deck, Patio, Porch
    • Exterior features: Outdoor Living Area, Outdoor Shower, Room For Pool
    • Fencing: Fenced
    Lot
    • Size: 8,750 Square Feet
    • Dimensions: 8750
    • Features: < 1/4 Acre
    Details
    • Parcel number: 504202100610
    • Zoning: RC-15
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Multi Family, Multi Family
    Materials
    • Block, Frame
    • Roof: Flat,Other,Tile
    Condition
    • Resale
    • New construction: No
    • Year built: 1939

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Subdivision: Middle River Park 5-28 B
    HOA
    • Has HOA: No
    • Services included: Sewer, Water
    Location
    • Region: Fort Lauderdale

    Financial & listing details

    • Price per square foot: $484/sqft
    • Tax assessed value: $653,310
    • Annual tax amount: $12,703
    • Date on market: 2/7/2024
    • Cumulative days on market: 62 days
    • Listing terms: Cash,Conventional,FHA,VA Loan

    Price history

    DateEventPrice
    4/25/2024Sold$1,320,000-5.6%$484/sqft
    Source: BeachesMLS #F10422748 Report a problem
    4/9/2024Pending sale$1,399,000$513/sqft
    Source: BeachesMLS #F10422748 Report a problem
    3/11/2024Price change$1,399,000-3.5%$513/sqft
    Source: BeachesMLS #F10422748 Report a problem
    2/26/2024Price change$1,449,000-3.3%$532/sqft
    Source: BeachesMLS #F10422748 Report a problem
    2/8/2024Listed for sale$1,499,000+5.2%$550/sqft
    Source: BeachesMLS #F10422748 Report a problem
    11/26/2022Listing removed--
    Source: BeachesMLS #F10333353 Report a problem
    10/30/2022Price change$1,425,000-1.7%$523/sqft
    Source: BeachesMLS #F10333353 Report a problem
    10/20/2022Price change$1,450,000-1.7%$532/sqft
    Source: BeachesMLS #F10333353 Report a problem
    10/4/2022Price change$1,475,000-1.6%$541/sqft
    Source: BeachesMLS #F10333353 Report a problem
    9/30/2022Pending sale$1,499,000$550/sqft
    Source: BeachesMLS #F10333353 Report a problem
    9/15/2022Price change$1,499,000-6.3%$550/sqft
    Source: BeachesMLS #F10333353 Report a problem
    8/29/2022Price change$1,599,000-5.9%$587/sqft
    Source: BeachesMLS #F10333353 Report a problem
    8/11/2022Price change$1,699,000-4.3%$623/sqft
    Source: BeachesMLS #F10333353 Report a problem
    7/6/2022Price change$1,775,000-1.4%$651/sqft
    Source: BeachesMLS #F10333353 Report a problem
    6/29/2022Price change$1,800,000-10%$660/sqft
    Source: BeachesMLS #F10333353 Report a problem
    6/2/2022Listed for sale$1,999,900$734/sqft
    Source: BeachesMLS #F10333353 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Victoria Park

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    Estimated market value
    $1,451,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,451,500

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