Seller's Agent in 2025
Rosa Poler
Optimar International Realty
(954) 235-4046
1 in this area
46 Total Sales
1185 SW 16th Ave Fort Lauderdale, FL 33312
Riverside Park Neighborhood
--
Bed
--
Bath
1,502
Sq Ft
4,617
Sq Ft Lot
Highlights
- No HOA
- Ceramic Tile Flooring
- 4-minute walk to Coontie Hatchee Park
- Cooling Available
- Heating Available
About This Home
As of March 2025New Listing – Prime Multifamily Investment Opportunity in Fort Lauderdale
Discover an exceptional chance to secure a profitable asset in a rapidly developing neighborhood. This property features two standalone buildings, each offering two spacious 2BR/2BA units (four total). Currently generating $90K+ in annual income and approximately $70K in NOI (a 6%+ CAP), this investment has clear upside potential with nearby comps suggesting $110K+ in possible annual income after upgrades.Each building boasts 1,502 SF of well-maintained living space, set on a combined 9,220 SF lot. Surrounded by new developments in a gentrifying location, this is a rare opportunity to add value through modern renovations and strategic improvements.
Last Agent to Sell the Property
Optimar International Realty License #3268052 Listed on: 01/29/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,878
Year Built
- Built in 1988
Parking
- 4 Parking Spaces
Home Design
- Quadruplex
Interior Spaces
- 1,502 Sq Ft Home
- 2-Story Property
- Ceramic Tile Flooring
Utilities
- Cooling Available
- Heating Available
Community Details
- No Home Owners Association
- Riverside Park Add Amen P Condos
- Riverside Park Add Amen P Subdivision
Listing and Financial Details
- Rent includes trash collection
- Assessor Parcel Number 504209130420
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 29, 2025
Closed on
May 21, 2025
Sold by
Mastrapa Eliannis Perez
Bought by
1121 Nw Little Havana Llc
Seller's Agent
Rosa Poler
Optimar International Realty
Buyer's Agent
Pedro Piquet Conde
Top Tier International Realty, LLC.
List Price
$1,140,000
Sold Price
$1,090,000
Premium/Discount to List
-$50,000
-4.39%
Views
13
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$255,504
Avg. Annual Appreciation
-52.38%
Original Mortgage
$408,700
Interest Rate
6.76%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 29, 2025
Closed on
Mar 27, 2025
Sold by
Lamborcatto Llc
Bought by
Mastrapa Eliannis Perez
Seller's Agent
Rosa Poler
Optimar International Realty
Buyer's Agent
Pedro Piquet Conde
Top Tier International Realty, LLC.
List Price
$1,140,000
Sold Price
$1,090,000
Premium/Discount to List
-$50,000
-4.39%
Views
13
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,700
Interest Rate
6.76%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 24, 2015
Closed on
Sep 8, 2015
Sold by
Stewart Roy and Stewart Toni
Bought by
Lamborcatto Llc
Seller's Agent
Paul Weathersby
Land's End Property Group LLC
Buyer's Agent
Paul Weathersby
Land's End Property Group LLC
List Price
$225,000
Sold Price
$212,500
Premium/Discount to List
-$12,500
-5.56%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.65%
Purchase Details
Closed on
Feb 3, 1998
Sold by
Stewart Roy L and Stewart E
Bought by
Stewart Roy and Stewart Toni
Purchase Details
Closed on
Jun 1, 1992
Sold by
Available Not
Bought by
Available Not
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $545,000 | None Listed On Document | |
| Warranty Deed | $545,000 | None Listed On Document | |
| Warranty Deed | $425,000 | Attorney | |
| Warranty Deed | $425,000 | Attorney | |
| Warranty Deed | $100 | -- | |
| Warranty Deed | $100 | -- | |
| Warranty Deed | $61,543 | -- | |
| Warranty Deed | $61,543 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $408,700 | New Conventional | |
| Previous Owner | $95,000 | Balloon | |
| Previous Owner | $150,000 | Balloon | |
| Previous Owner | $40,886 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/27/2025 03/27/25 | Sold | $1,090,000 | -4.4% | $726 / Sq Ft |
| 01/29/2025 01/29/25 | For Sale | $1,140,000 | +436.5% | $759 / Sq Ft |
| 09/08/2015 09/08/15 | Sold | $212,500 | -5.6% | $140 / Sq Ft |
| 08/14/2015 08/14/15 | Pending | -- | -- | -- |
| 04/23/2015 04/23/15 | For Sale | $225,000 | -- | $148 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,878 | $368,580 | -- | -- |
| 2024 | $7,349 | $368,580 | -- | -- |
| 2023 | $7,349 | $304,620 | $0 | $0 |
| 2022 | $6,619 | $276,930 | $0 | $0 |
| 2021 | $6,185 | $251,760 | $0 | $0 |
| 2020 | $5,409 | $238,990 | $13,800 | $225,190 |
| 2019 | $4,489 | $208,080 | $13,800 | $194,280 |
| 2018 | $4,166 | $207,730 | $13,450 | $194,280 |
| 2017 | $3,836 | $179,780 | $0 | $0 |
| 2016 | $3,626 | $163,440 | $0 | $0 |
| 2015 | $2,593 | $98,530 | $0 | $0 |
| 2014 | $2,412 | $89,580 | $0 | $0 |
| 2013 | -- | $93,320 | $13,540 | $79,780 |
Source: Public Records
Agents Affiliated with this Home
-
-
P
Buyer's Agent in 2025
Pedro Piquet Conde
Top Tier International Realty, LLC.
(786) 975-9422
1 in this area
2 Total Sales
-
M
Buyer Co-Listing Agent in 2025
Maria Gonzalez Alvarez
Top Tier International Realty, LLC.
(786) 269-1944
1 in this area
13 Total Sales
-
Seller's Agent in 2015
Paul Weathersby
Land's End Property Group LLC
(954) 547-2891
21 Total Sales
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11735110
APN: 50-42-09-13-0420
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