$799,000
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420 SE 16th St Unit 420 Fort Lauderdale, FL 33316
Townhouse
Residence
3
Beds
3
Baths
1,620
Sq. Ft.
Property Activity
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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.
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MLS#
F10437259
Property Type
Townhouse
Bedrooms
3
Bathrooms
2 Full/1 Half
Year Built
2016
HOA Fee
$400
Monthly
Square Feet
1,620
sq. ft
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