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Cash Cow in the heart of Victoria Park, this 10 unit complex consists of 2 buildings containing a total of eight 1/1's plus two 2/2's with 12 parking spots. Currently 100% rented at below-market rates, netting $73,609. Once renovated, this project could generate a net of around $140K/yr. Zoning appears to allow 7 town homes based on lot size of 13,500 SF, zoned RMM-25 (buyer to verify with city of Fort Lauderdale). Roofs have just been coated with elastomeric coating in 2019. Units in need of updating/renovating, but are fully functional and occupied. Includes hurricane shutters. *Please do not walk the property, all units are occupied, interior inspections may be done once under contract.

Listed by David Netzer, David Alexander Realty

Property Details of 820 NE 16th Ave

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All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2019 Realtors of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc

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