1515 NE 16TH Street, Fort Lauderdale, FL 33304

SingleFamilyResidence · Active

$675,000

1515 NE 16TH Street, Fort Lauderdale, FL 33304 — MLS photo

Miami Real Estate Listings & Homes for Sale

1515 NE 16TH Street, Fort Lauderdale, FL 33304

Bedrooms
3
Bathrooms
3
Interior
1,710 sq ft
Price / sq ft
$395/sq ft
Built
1953
Lot
6,752 sq ft

The residence

Prime investment opportunity in Poinsettia Heights, one of East Fort Lauderdale's most sought after neighborhoods! Situated on a desirable corner lot and aggressively priced, this versatile property offers exceptional value for investors, end-users, and builders alike. Currently configured as a 1,710 sq/ft duplex featuring a spacious 1BD/1BA unit and a large 2BD/2BA unit complete with a 220 sq/ft detached 2 car garage. Investors can capitalize immediately on strong dual income rental streams or end users may live in one unit while leasing the other to offset expenses. For builders or developers, this prime corner lot provides the ultimate footprint to construct a high-end luxury custom home in a prime new construction neighborhood. Call for your private viewing before this home is SOLD!!

Property location

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1515 NE 16TH Street, Fort Lauderdale, FL 33304

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
1,710 sq ft
Flooring
Carpet, Hardwood, Terrazzo, Tile, Vinyl, Wood
Appliances
Built In Oven, Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air, Ceiling Fans, Wall Window Units
Heating
Heat Pump, Other
Interior features
French Doors Atrium Doors, Main Living Area Entry Level, Other

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1953
Stories
1
Lot size
6,752 sq ft
Architectural style
Ranch, One Story
Roof
Composition, Shingle
Construction
Block, Stucco
Exterior features
Barbecue, Fence
Pool
None

Parking

Garage spaces
2
Covered spaces
2
Parking features
Driveway, Detached, Garage, On Street, Two Or More Spaces

HOA, Community & Financials

Association fee
$0
Pets allowed
No
Annual tax
$4,437
Subdivision
Poinsettia Heights
County
Broward
Days on market
0
MLS listing ID
B26090676
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

$477

Cap rate
6.5%
Net yield
6.5%
Cash-on-cash return
3.0%
Gross yield
8.8%
Mortgage payment
$3,200/mo
Down payment
$168,750
Loan amount
$506,250
Annual NOI
$44,125

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.

Get More Info About This Property

1515 NE 16TH Street, Fort Lauderdale, FL 33304