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608 SW 16th Ave
Fort Lauderdale, FL 33312
608 SW 16th Ave, Fort Lauderdale, FL 33312 · Immeuble residentiel Propriété À vendre
·
4 Unités
Certaines informations ont été traduites automatiquement.
FAITS SAILLANTS DE L'INVESTISSEMENT
- High-Yield Section 8 Asset: Voucher levels up to $3,047 per unit, delivering approximately $146K gross income and an estimated $115K net with stable,
- Prime Fort Lauderdale Location: Minutes from Downtown, Las Olas, I-95, I-595, and FLL Airport, positioned in a high-demand workforce rental corridor w
- Attractive Investment Metrics: Offered at a 7% cap rate with upside potential through rent optimization and operational efficiency.
- Rare Unit Mix: Four oversized 3BD/2BA units (~1,200 SF each)—a highly desirable layout that commands premium rents and supports long-term tenant reten
- Turnkey with Recent Improvements: Impact windows, fresh paint, on-site laundry closets, and 6 parking spaces, minimizing near-term capital expenses an
- Flexible Seller Financing: Up to 40% seller financing available, reducing equity requirements and significantly enhancing investor returns.
RÉSUMÉ DE L'ANNONCE
High-Yield Section 8 Asset | Prime Fort Lauderdale Location | Seller Financing Available
Motivated Seller offering a rare opportunity to acquire a high-performing four-unit multifamily asset in a core Fort Lauderdale rental market. The property is ideally positioned for Section 8 demand, with voucher levels in this ZIP code reaching $3,047 per unit, producing approximately $146,000 in gross annual income and an estimated $115,000 net with government-backed rent stability.
Located just minutes from Downtown Fort Lauderdale, I-95, I-595, Las Olas, and Fort Lauderdale–Hollywood International Airport, this property sits in a high-demand workforce rental corridor with strong tenant demand and low vacancy. The surrounding area offers easy access to major employment hubs, public transportation, shopping, dining, and schools, making it extremely attractive for long-term tenants.
The building consists of four oversized units, each 3 bedrooms / 2 bathrooms with approximately 1,200 SF per unit—a rare unit mix that commands premium Section 8 rents. Additional features include two on-site laundry closets, 6 dedicated parking spaces, fresh paint, and impact windows, minimizing capital expenditures and maximizing cash flow.
Offered at a 7% cap rate with clear upside and up to 40% seller financing, this is a turnkey, high-income asset in one of South Florida’s most resilient rental markets.
Strong location. Strong income. Flexible financing. Opportunities like this are limited.
Motivated Seller offering a rare opportunity to acquire a high-performing four-unit multifamily asset in a core Fort Lauderdale rental market. The property is ideally positioned for Section 8 demand, with voucher levels in this ZIP code reaching $3,047 per unit, producing approximately $146,000 in gross annual income and an estimated $115,000 net with government-backed rent stability.
Located just minutes from Downtown Fort Lauderdale, I-95, I-595, Las Olas, and Fort Lauderdale–Hollywood International Airport, this property sits in a high-demand workforce rental corridor with strong tenant demand and low vacancy. The surrounding area offers easy access to major employment hubs, public transportation, shopping, dining, and schools, making it extremely attractive for long-term tenants.
The building consists of four oversized units, each 3 bedrooms / 2 bathrooms with approximately 1,200 SF per unit—a rare unit mix that commands premium Section 8 rents. Additional features include two on-site laundry closets, 6 dedicated parking spaces, fresh paint, and impact windows, minimizing capital expenditures and maximizing cash flow.
Offered at a 7% cap rate with clear upside and up to 40% seller financing, this is a turnkey, high-income asset in one of South Florida’s most resilient rental markets.
Strong location. Strong income. Flexible financing. Opportunities like this are limited.
FAITS SUR LA PROPRIÉTÉ
| Prix par unité | 540 225 $ CAD | Taille du lot | 0,16 AC |
| Type de vente | Investissement | Taille du bâtiment | 4 855 pi² |
| Taux de capitalisation | 7% | Occupation moyenne | 100% |
| Nombre d’unités | 4 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1970/2016 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,24/1 000 pi² |
| Classe d’immeuble | C | ||
| Zonage | RM-15 - immeuble multifamilial de 2 à 9 unités | ||
| Prix par unité | 540 225 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7% |
| Nombre d’unités | 4 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Classe d’immeuble | C |
| Taille du lot | 0,16 AC |
| Taille du bâtiment | 4 855 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1970/2016 |
| Ratio de stationnement | 1,24/1 000 pi² |
| Zonage | RM-15 - immeuble multifamilial de 2 à 9 unités |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Climatisation
- Espace d'entreposage
- Cuisine
- Salle à manger
- Jardin
- Lingerie
COMMODITÉS DU SITE
- Terrain clôturé
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 3+2 | 4 | 3 567 $ CAD | 1 200 |
Impôts fonciers
| Numéro de lot | 50-42-09-03-0018 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 1 420 610 $ CAD |
Impôts fonciers
Numéro de lot
50-42-09-03-0018
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
1 420 610 $ CAD
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