420 SE 16th St #420 Active Save Request In-Person Tour Request Virtual Tour
Fort Lauderdale,FL 33316
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,620 sqft
Price per Sqft $493
Subdivision Mackenzie Manor
MLS Listing ID F10437259
Style Townhouse Fee Simple
Bedrooms 3
Full Baths 2
Half Baths 1
HOA Fees $400/mo
Year Built 2016
Annual Tax Amount $8,683
Tax Year 2023
Property 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.
Location
State FL
County Broward County
Area Ft Ldale Se (3280;3600;3800)
Building/Complex Name Mackenzie Manor
Rooms
Dining Room Dining/Living Room,Eat-In Kitchen,Snack Bar/Counter
Interior
Heating Central Heat
Cooling Ceiling Fans,Central Cooling
Flooring Tile Floors
Equipment Automatic Garage Door Opener,Dishwasher,Disposal,Dryer,Electric Range,Microwave,Refrigerator,Self Cleaning Oven,Washer
Exterior
Exterior Feature High Impact Doors,Open Balcony
Garage Attached
Garage Spaces 2.0
Amenities Available Exterior Lighting
Waterfront No
Water Access N
Building
Foundation Concrete Block Construction,Slab Construction,Stucco Exterior Construction
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition As Is,Survey Available
Pets Description No Aggressive Breeds