Mansions in the Skies - Luxury Condo Real Estate Collection

420 16th St, Unit 420
Fort Lauderdale, FL 33316

Priced at: $799,000
MLS: F10437259
Bedrooms:
3
Bathrooms (Full):
2
Bathrooms (Half):
1
Living Area SqFt:
1,620 Sq Ft
Year Built:
2016
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.

Fees

Tax Year:
2023
Tax Amount:
$8,683
Association Fees:
$400
Maintenance Includes:
Building Exterior,Common Area,Landscaping/Lawn Maintenance,Legal/Accounting,Manager

Features

Exterior Features:
  • High Impact Doors
  • Open Balcony
Interior Features:
  • First Floor Entry
Equipment/ Appliances:
  • Automatic Garage Door Opener
  • Dishwasher
  • Disposal
  • Dryer
  • Electric Range
  • Microwave
  • Refrigerator
  • Self Cleaning Oven
  • Washer
Amenities:
  • Exterior Lighting
Security Info:
  • Complex Fenced
Parking:
  • Fee Simple Garage
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MLS: F10437259
420 16th St, Unit 420, Fort Lauderdale, FL 33316
Price: $799,000
Listing courtesy of Flagler Duval

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"Property information shown has been provided from various sources, which can include the seller and/or public records. It is believed reliable but not guaranteed and should not be relied upon without independent verification."

Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. All dimensions are estimates only and may not be exact measurements. Square Footages are approximate. Floor plans and development plans are subject to change. The sketches, renderings, graphic materials, plans, specifics, terms, conditions and statements are proposed only, and the developer, the management company, the owners and other affiliates reserve the right to modify, revise or withdraw any or all of same in their sole discretion and without prior notice. All pricing and availability is subject to change. The information is to be used as a point of reference and not a binding agreement.

William PD Pierce Luxury Realestate
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