5311 NW 16th Street

Listing Snapshot

Price

$699,900

Days on Site

1 Days

Bedrooms

0

Total Baths

0

Living Area

2,250 sqft

Total Sq Ft

2,250 sqft

Year Built

1969

Property Type

Multi-Family

MLS #

A12053115

Property Tax

$13,803 (2017)

Subdivision

SUNSHINE VILLAS

County

Broward

Status

Active

Special Conditions

Real Estate Owned

About This Property

Excellent investment opportunity! This income-producing property features three separate units: two spacious 2-bedroom, 1-bathroom apartments and one 1-bedroom, 1-bathroom unit. The current rental income is significantly below market value because the tenants are family members, providing a strong opportunity to increase rents and maximize cash flow. Each unit includes two dedicated parking spaces, and washer/dryer hookups are conveniently located at the rear of the building. This property is an ideal addition for investors looking to grow their real estate portfolio and increase long-term returns.

General Features

Property Type

Multi-Family

Status

Active

Year Built

1969

Property Condition

Resale

Number of Stories

1

Living Sq Ft

2,250

Total Sq Ft

2,250

Sewer

Public Sewer

Water Source

Public

Zoning

RM-8

Interior Features

Cooling

Wall Window Units

Heating

Separate Meters / Wall Furnace

Flooring

Tile

Exterior Features

Construction

Block

Roof

Shingle

Community & HOA

Utilities

Cable Available

Financing Terms

Conventional

MLS Area

3750

Schools

Elementary School

Plantation

Middle School

Lauderhill 6-12

High School

Boyd H. Anderson