Interior
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 600 sq ft
Active · Condominium
$185,900
3040 NE 16th Ave 216, Oakland Park, FL 33334
- Beds
- 1
- Baths
- 1
- Living area
- 600 sq ft
- $ / sq ft
- $310/sq ft
- Year built
- 1963
- Lot size
- —
- HOA fee
- $651
- Annual tax
- —
About this property
Great investment opportunity in the gated waterfront community of River Shores in Oakland Park! This spacious 1 Bed 1 Bath Apt on the 2nd-floor in the Avon building is leased until June 14, 2026, generating $1,860/month with a reliable long-term tenant. The unit features accordion shutters and is in good condition. The unit also offers extra storage. River Shores offers a pool with canal views, a tennis court, a billiards room, a clubhouse, on-site laundry, and even dock access (first-come, first-served)—ideal for boat lovers. Perfectly located near shopping, dining, beaches, Wilton Manors, I-95, and just minutes to Fort Lauderdale Airport. Well-managed, quiet community with lush landscaping and waterfront charm.
Property location
Get Directions3040 NE 16th Ave 216, Oakland Park, FL 33334
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1963
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $651
- County
- Broward
- MLS listing ID
- A11907347
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$503
- Cap rate
- 2.4%
- Net yield
- 2.4%
- Cash-on-cash return
- -11.6%
- Gross yield
- 10.3%
- Mortgage payment
- $881/mo
- Down payment
- $46,475
- Loan amount
- $139,425
- Annual NOI
- $4,538
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.