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  • MLS#: F10541130 ( Residential Income )
  • Street Address: 648 16th Terrace
  • Viewed: 3
  • Price: $6,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1939
  • Bldg sqft: 0
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Nearby Subdivisions
Bal Harbour 1st Add 43-9   Beach Way Heights   Beach Way Heights Unit   Beachway Heights   Coral Ridge   Coral Ridge 21-50 B   Coral Ridge South Add 24-   Dixie Park 9-19 B   Doubletree By Hilton   East Point Towers Condo   East Side Villas Condo   Flagler Village   Fort Lauderdale   Gallery One   Gallery One Condo   Gateway   Gateway 25-24 B   Greens Sub 19-18 B   Hilton Club Q Residences   Lake Ridge   Lake Ridge 24-47 B   Las Olas By The Sea Ext 3   Lauder Del Mar 7-30 B   Lauder-gate   Lauderdale Gardens   Lauderdale Park 6-33 1/2   Middle River   Middle River Terrace   Palma Vista Condo   Placido Place 11-43 B   Poinsettia Heights   Progresso   Progresso 2-18 D   Q Club Resort   Q Club Resort & Residence   Spring Tide Apts Co-op   Sunrise 28-42 B   Sunrise Harbour 166-41 B   Sunrise Intracoastal   Sunrise Key   Sunrise Key 45-6 B   Surf Club   The Hemingway At Middle R   Verena Park 29-9 B   Victoria Courts   Victoria Courts 9-49 B   Victoria Highlands Amd   Victoria Highlands Amd Pl   Victoria Park   Victoria Park Corr Amd   Victoria Park Corr Amen P   Victoria Park Re-amended  
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648 16th Terrace
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PRICED AT ONLY: $6,000,000

Address: 648 16th Terrace, Fort Lauderdale, FL 33304

Would you like to sell your home before you purchase this one?

Description
Rare turnkey single family rental portfolio in Victoria Park. Offering includes 7 folios / 8 homes totaling 18 bedrooms, at a 7% CAP RATE, all located within one of Fort Lauderdales most desirable and walkable neighborhoods. Properties are recently updated with modern finishes and major capital items completed, making this a low maintenance, investor ready portfolio requiring minimal additional investment. Strong appeal for both long term and short term tenants. Prime location just minutes to Las Olas Blvd, downtown Fort Lauderdale, beaches, and FLL Airport, surrounded by top dining, shopping, and entertainment. Victoria Park offers high tenant demand, low vacancy, reliable cash flow, and long term appreciation. Portfolio details, financials, and addresses available upon request.
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  •   Home Insurance $
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Features
Building and Construction
  • Flooring: Laminate
  • Roof: Composition, Shingle
Eco-Communities
  • Water Source: Public
Utilities
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Cable Available
Finance and Tax Information
  • Home Owners Association Fee Includes: Electricity, Hot Water, Maintenance Grounds, Sewer, Trash, Water
  • Tax Year: 2024
Other Features
  • Legal Description: GREENS SUB 19-18 B LOT 10 BLK 2
  • Parcel Number: 504202240271
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