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Rare investment opportunity in Fort Lauderdale — a 4-unit apartment complex at 700 SW 16th Ave. This 3,047 SF building on a spacious 10,000 SF lot includes four large and spacious 2-bedroom, 1-bath units. Each unit features central AC and individual electric meters. The property currently generates $6,700 in monthly rental income, with strong upside potential to increase rents to approximately $8,800 per month when adjusted to market rates. Ideally located minutes from I-95, Fort Lauderdale-Hollywood International Airport, downtown, and the beach, this property offers excellent access and sits in one of South Florida’s fastest-growing markets.
| Listing ID: | A12112046 |
|---|---|
| List Price: | $950,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Quadruplex |
| Status: | Active |
| Bathrooms Full: | 0 |
| Bathrooms Half: | 0 |
| Living Area: | 3,047 |
| Tax Annual Amount: | $15,271 |
| Architectural Style: | Detached |
| Waterfront?: | No |
| City: | Fort Lauderdale |
| County Or Parish: | Broward County |
| Subdivision Name: | Riverside No 2 |
| Postal Code: | 33312 |
| Year Built: | 1970 |
| Association?: | No |
| Building Name: | RIVERSIDE NO 2 |
| Cooling: | Central Air |
| Flooring: | Terrazzo, Vinyl |
| Heating: | Central |
| Listing Contract Date: | 2026-11-03 |
| Lot Features: | Less Than 1/4 Acre Lot |
| Status: | Active |
| Parking Total: | 8 |
| Postal Code Plus4: | 7684 |
| Sewer: | Public Sewer |
| State Or Province: | FL |
| Stories: | 1 |
| Water Source: | Municipal Water |
| Building Area Total: | 3047 |
| Building Area Units: | Square Feet |
| Construction Materials: | Concrete Block Construction, CBS Construction |
| Cooling?: | Yes |
| Heating?: | Yes |
| Horse?: | No |
| Listing Terms: | All Cash, Conventional, Owner Will Carry |
| Living Area Units: | Square Feet |
| Lot Size Units: | Square Feet |
| MLS Area Major: | Riverside No 2 |
| New Construction?: | No |
| Number Of Units In Community: | 4 |
| Original List Price: | $950,000 |
| Parcel Number: | 504209030110 |
| Pool Private?: | No |
| Possession: | Funding |
| Public Survey Range: | 50 |
| Public Survey Section: | 9 |
| Public Survey Township: | 50 |
| Rent Includes: | Other Rent Incl |
| Roof: | Shingle |
| Sign On Property?: | No |
| Stories Total: | 1 |
| Structure Type: | Quadruplex, Fourplex |
| Tax Year: | 2025 |
| View?: | No |
| Year Built Details: | Resale |
| Zoning: | RM-15 |
| Adjusted Area Sf: | 3,047 |
| AreaMiamire Area: | 3480 |
| Lp Amt Sq Ft: | $311.78 |
| Ok To Advertise ListMiamire Ok To Advertise List: | No |
| Pool Yn: | No |
| Ratio Current Price By Sqft: | $311.78 |
| StyleMiamire Style: | Fourplex |
| Type Of AssociationMiamire Typeof Association: | None |
Listing Courtesy of: Fausto Commercial Realty Consultants Inc
954-743-7594
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Copyright 2026 MIAMI REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.
MIAMI REALTORS® MLS data last updated on November 04, 2026 03:06 AM - ET
Property Last Updated: November 04, 2026 03:06 AM - ET
