2424 Tortugas Ln
- Fort Lauderdale, FL 33312
- $1,399,000
- 2 Bed(s)
- 2 Baths
- 1,610 Sqft.
Basic Information
- MLS # A11573474
- Type Duplex / Quad Plex / Triplex
- Status Active
- Subdivision/Complex Riverside Park Add Amen P
- Year Built 1987
- Total Sqft 1,502
- Date Listed 04/22/2024
- Days on Market 217
Description
Excellent investment opportunity in Fort Lauderdale with this multifamily with two independent buildings. Each building has two badroom two-bedroom apartments, offering a total of four units generating $87K/year income, $67K/year NOI for a 5.6% CAP, easily upgradable to comparable units nearby for a total $112K/year income and a $92K NOI and a 7% CAP. With a total of 9,220 square feet of land and 1,502 square feet of construction per building, this property is ideal for investors looking to add value through improvements. Ask us for OM and complete investment package!!
Exterior Features
- Waterfront No
- Pool No
- Construction Type Other
- Design Description Fourplex
- Parking Spaces 0
- Parking Description
- Roof Description Other
Interior Features
- Adjusted Sqft 1,502
- Cooling Description Electric
- Floor Description Other, Terrazzo
- Heating Description Central, Electric
- Sqft 1,502
Property Features
- Address 1175 S W16th Ave
- Aprox. Lot Size 1,502
- Architectural Style Fourplex
- City Fort Lauderdale
- Construction Materials Other
- County Broward
- Furnished Info No
- Levels Two
- Listing Terms Cash, Conventional
- Lot Description Less Than Quarter Acre
- Lot Features Less Than Quarter Acre
- Occupant Type Tenant
- Pool Features None
- Possession Close Of Escrow
- Postal City Fort Lauderdale
- Public Survey Section Two
- Roof Other
- Sewer Description Public Sewer
- Short Sale Regular Sale
- Stories 2
- HOA Fees N/A
- Subdivision Complex
- Subdivision Info Riverside Park Add Amen P
- Tax Amount $7,351
- Tax Information RIVERSIDE PARK ADD AMEN PLAT 10-37 B THE N 46 OF LOTS 24,25 & 26 TOGETHER WITH W 25 OF VAC 16 AVE BLK 14
- Tax Year 2022
- Terms Considered Cash, Conventional
- Type of Property Quadruplex
- Water Source Public
- Window Features Other
- Year Built Details Resale
1175 SW 16th Ave
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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Optimar International Realty. tel: 305-947-0477
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