420 SE 16th St 420 , Fort Lauderdale, FL 33316
Fort Lauderdale, FL 33316
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.
Details
| MLS# | F10437259 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Suite Number | 420 |
| HOA Dues | $400 |
| Sub-Type | Resale |
| Status | Active |
| Year | 2016 |
| Days On Site | 168 |
| Listing Provided By | Flagler Duval | Scott Coloney |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,620 |
| Garage | 2 |
| Story(s) | 2 |
| Property View | Garden |
Market Activity 33316
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Learn More About This Property
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33316 |
| Area | 3800 |
| Subarea | Ft Ldale SE (3280;3600;3800) |
| Community Name | Mackenzie Manor |
| Listing VS Median (in Mackenzie Manor) | |
Price: $799,000 low | high Med: $799,000 SqFt: 1,620 low | high Med: 1,620 $ / SqFt: $493 low | high Med: $493 On Site: 168 low | high Med: 168.000000 | |