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420 SE 16th St , #420

Fort Lauderdale, FL 33316
  • $799,000
  • STATUS: Active
  • ON SITE: 156 Days
  • ID#: F10437259
UPDATED: 32 min ago
$799,000
  • 3
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 1,620
    SQFT
  • $493
    $/SQFT
Neighborhood:
Mackenzie Manor
Type:
Townhouse
Built:
2016
County:
Broward
Area:
3800

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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.

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All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2024 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2024-10-04T16:19:12.2.
www.evluxuryrealestate.com/homes/150057784
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420 SE 16th St , #420 Fort Lauderdale, FL 33316

  • Price: $799,000
  • Status: Active
  • On Site: 156 Days
  • Updated: 32 min ago
  • ID#: F10437259
3
Beds
2
Baths
1
½ Baths
N/A
Acres
1,620
SQFT
$493
$/SQFT
2016
Built
Neighborhood:
Mackenzie Manor
County:
Broward
Area:
3800
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.
Exterior Features

Balcony Porch Or Patio Yes Construction Type Concrete Block ConstructionSlab ConstructionStucco Exterior Construction Exterior Features High Impact DoorsOpen Balcony Front Exposure North Garage Description Attached Garage Spaces 2 Parking Description Fee Simple Garage Property Detached No Style Townhouse Fee Simple Type Of Property Townhouse Unit Design Corner UnitWest Of Us1 Unit View Garden View Waterfront Property YN No Windows Treatment High Impact WindowsImpact Glass

Interior Features

Bedroom Description Master Bedroom Upstairs Ceiling Fans 3 Cooling Description Ceiling FansCentral Cooling Dining Description Dining/Living RoomEat-In KitchenSnack Bar/Counter Equipment Appliances Automatic Garage Door OpenerDishwasherDisposalDryerElectric RangeMicrowaveRefrigeratorSelf Cleaning OvenWasher Floor Description Tile Floors Heating Description Central Heat Interior Features First Floor Entry Interior Levels 2 Laundry Appliances Included Washer and Dryer Main Level Bedrooms 0 Main Living Area Entry Level Master Bathroom Description Combination Tub & ShowerDual Sinks Total Floors In Building 2 Unit Floor Location 1

Property Features

Amenities Exterior Lighting Application Fee 65 Approval Information Application Fee RequiredAssociation Approval RequiredPersonal Interview Required Association Fee 400 Association Fee Paid Per Monthly Association Type Homeowners Auction YN No Cable Available Yes Complex Name Mackenzie Manor Gated Community YN No Geographic Area Ft Ldale SE (3280;3600;3800) Governing Bodies Type Homeowner Association Housing Older Persons Act No HOPA Land Lease Amount 0 Maintenance Charge Month 400 Maintenance Includes Building ExteriorCommon AreaLandscaping/Lawn MaintenanceLegal/AccountingManager Membership Purchase Required No Minimum Days For Lease 365 Pet Restrictions No Aggressive Breeds Pets Allowed Yes Possession Information At ClosingFunding REO No Restrictions Other Restrictions Security Information Complex Fenced Short Sale No Special Information As IsSurvey Available Subdivision Name Mackenzie Manor Tax Amount 8683 Tax Information Tax Reflects City & County Tax Tax Year 2023 Terms Considered CashConventional Total Units In Building 4 Total Units In Complex 8 Year Built Description Resale

Listing provided courtesy of Flagler Duval: . Listing information © 2024 BeachesMLS


All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2024 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2024-10-04T16:19:12.2.
 
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Thomas Kane | TrustLarry Real Estate
3111 Bayview Drive
Fort Lauderdale FL, 33306