420 SE 16TH ST # 420
FORT LAUDERDALE, FL 33316

$799,000

3 Beds

3 Baths

1,620 Sq Ft

Status Active

MLS# F10437259

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.

Details for 420 SE 16TH ST # 420

$493 / Sq Ft

2 parking spaces

$400 monthly HOA Fee

Central Heat

38 Days on website

Interior

Appliances

Automatic Garage Door Opener, Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer

Bathrooms Full

Bathrooms Half

Bathrooms Total

Bedrooms Total

Flooring

Tile Floors

Interior Features

First Floor Entry

Laundry Features

Washer And Dryer

Living Area

1,620 SqFt.

HOA Features

Association Amenities

Exterior Lighting

Association Fee

400

Association Fee Frequency

Monthly

Association Fee Includes

Building Exterior, Common Area, Landscaping/Lawn Maintenance, Legal/Accounting, Manager

Building And Construction

Building Name

Mackenzie Manor

Property Sub Type

Condo/Townhouse

Property Type

Residential

Security Features

["Complex Fenced"]

Year Built

2016

Exterior And Lot

Exterior Features

High Impact Doors, Open Balcony

Garage Spaces

Parking Features

Fee Simple Garage

Parking Total

Utilities

Cooling

["Ceiling Fans", "Central Cooling"]

Heating

Central Heat

Area And Schools

City

Fort Lauderdale

County Or Parish

Broward County

Subdivision Name

Mackenzie Manor

Financial Info

Buyer Agency Compensation^*

2.5%

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$8,683

Tax Year

2023