420 SE 16th St #420 Active

Fort Lauderdale,FL 33316

$ 799000

3 Beds

2.5 Baths

1620 SqFt


Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,620 sqft

Price per Sqft $493

Subdivision Mackenzie Manor

MLS Listing ID F10437259

Style Townhouse Fee Simple

Bedrooms 3

Full Baths 2

Half Baths 1

Construction Status Resale

HOA Fees $400/mo

HOA Y/N Yes

Year Built 2016

Annual Tax Amount $8,683

Tax Year 2023

Property Description

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.

Location

State FL

County Broward County

Area Ft Ldale Se (3280;3600;3800)

Building/Complex Name Mackenzie Manor

Rooms

Bedroom Description Master Bedroom Upstairs

Dining Room Dining/Living Room,Eat-In Kitchen,Snack Bar/Counter

Interior

Interior Features First Floor Entry

Heating Central Heat

Cooling Ceiling Fans,Central Cooling

Flooring Tile Floors

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

Exterior

Exterior Feature High Impact Doors,Open Balcony

Garage Attached

Garage Spaces 2.0

Amenities Available Exterior Lighting

Waterfront No

Water Access N

Private Pool No

Building

Unit Features Garden View

Entry Level 2

Foundation Concrete Block Construction,Slab Construction,Stucco Exterior Construction

Unit Floor 1

Construction Status Resale

Others

Pets Allowed Yes

HOA Fee Include 400

Senior Community No HOPA

Restrictions Other Restrictions

Security Features Complex Fenced

Acceptable Financing Cash,Conventional

Membership Fee Required No

Listing Terms Cash,Conventional

Special Listing Condition As Is,Survey Available

Pets Description No Aggressive Breeds

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