700 SW 16th Ave Fort Lauderdale, FL 33312
Riverside Park NeighborhoodEstimated payment $7,171/month
Highlights
- No HOA
- Central Heating and Cooling System
- 1-Story Property
- Tile Flooring
About This Home
Rare investment opportunity in Fort Lauderdale — a 4-unit apartment complex at 700 SW 16th Ave. This 3,047 SF building on a spacious 10,000 SF lot includes four large and spacious 2-bedroom, 1-bath units. Each unit features central AC and individual electric meters. The property currently generates $6,700 in monthly rental income, with strong upside potential to increase rents to approximately $8,800 per month when adjusted to market rates. Ideally located minutes from I-95, Fort Lauderdale-Hollywood International Airport, downtown, and the beach, this property offers excellent access and sits in one of South Florida’s fastest-growing markets.
Listing Agent
Fausto Commercial Realty Consultants Inc License #3574869 Listed on: 08/17/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,125
Year Built
- Built in 1970
Parking
- 8 Parking Spaces
Home Design
- Quadruplex
- Shingle Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 3,047 Sq Ft Home
- 1-Story Property
Flooring
- Tile
- Vinyl
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- 4 Units
- Riverside No 2 Condos
- Riverside No 2 Subdivision
Listing and Financial Details
- Assessor Parcel Number 504209030110
Map
Home Values in the Area
Average Home Value in this Area
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 | $14,125 | $639,070 | -- | -- |
| 2024 | $13,332 | $639,070 | -- | -- |
| 2023 | $13,332 | $528,170 | $0 | $0 |
| 2022 | $11,495 | $480,160 | $0 | $0 |
| 2021 | $10,481 | $436,510 | $0 | $0 |
| 2020 | $9,210 | $396,830 | $30,000 | $366,830 |
| 2019 | $8,683 | $402,270 | $30,000 | $372,270 |
| 2018 | $7,611 | $362,830 | $30,000 | $332,830 |
| 2017 | $5,529 | $204,710 | $0 | $0 |
| 2016 | $5,261 | $186,100 | $0 | $0 |
| 2015 | $4,523 | $169,190 | $0 | $0 |
| 2014 | $4,224 | $153,810 | $0 | $0 |
| 2013 | -- | $157,610 | $30,000 | $127,610 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/17/2025 08/17/25 | For Sale | $1,100,000 | +150.6% | $361 / Sq Ft |
| 03/10/2017 03/10/17 | Sold | $439,000 | -1.3% | $149 / Sq Ft |
| 02/08/2017 02/08/17 | Pending | -- | -- | -- |
| 02/06/2017 02/06/17 | For Sale | $445,000 | -- | $151 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $439,000 | Attorney | |
| Special Warranty Deed | $133,000 | Attorney | |
| Trustee Deed | -- | Attorney | |
| Warranty Deed | $435,000 | Attorney | |
| Warranty Deed | $290,000 | Town & Country Title | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $222,000 | -- | |
| Warranty Deed | $175,500 | -- | |
| Warranty Deed | $124,000 | -- | |
| Warranty Deed | $123,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $200,000 | Commercial | |
| Previous Owner | $87,000 | Commercial | |
| Previous Owner | $348,000 | Commercial | |
| Previous Owner | $246,500 | Commercial | |
| Previous Owner | $199,800 | Commercial | |
| Previous Owner | $111,600 | Commercial |
Source: MIAMI REALTORS® MLS
MLS Number: A11855351
APN: 50-42-09-03-0110
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