Interior
- Bathrooms
- 0
- Living area
- 2,342 sq ft
Active · Condominium
$839,000
1621-1623 NE 16th Terrace NE, Fort Lauderdale, FL 33305
- Beds
- —
- Baths
- 0
- Living area
- 2,342 sq ft
- $ / sq ft
- $358/sq ft
- Year built
- 1956
- Lot size
- 6,748 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
Prime Fort Lauderdale Investment Opportunity. This beautifully updated property offers an exceptional opportunity for homeowners or investors alike. The property features: Unit 1621: 2 Bedrooms / 3 Bathrooms Unit 1623: 1 Bedroom / 1 Bathroom. Enjoy modern upgrades throughout, including. Stainless steel appliances, updated kitchen & bathrooms, thoughtfully designed tile flooring, Impact windows, Fresh interior paint, Washer & dryer, and Private fenced backyard. Perfectly situated near major highways, restaurants, shopping, and entertainment, including: Minutes to Wilton Manors; near The Galleria at Fort Lauderdale Approx. 18 minutes to Fort Lauderdale-Hollywood International Airport, only 10 minutes to the beach, 11 minutes to I-95. 16 minutes to I-595 Property yearly gross income $63,480
Property location
Get Directions1621-1623 NE 16th Terrace NE, Fort Lauderdale, FL 33305
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1956
- Lot size
- 6,748 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Broward
- MLS listing ID
- B26033449
- 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
$76
- Cap rate
- 5.8%
- Net yield
- 5.8%
- Cash-on-cash return
- 0.4%
- Gross yield
- 9.3%
- Mortgage payment
- $3,977/mo
- Down payment
- $209,750
- Loan amount
- $629,250
- Annual NOI
- $48,634
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.