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.
- Address 420 SE 16th St #420
- City Fort Lauderdale
- County Broward County
- Zip 33316
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Price
$799,000
($493 / SqFt) - Status Active
- Subdivision Mackenzie Manor
- Pets Allowed Yes
- MLS® # F10437259
- Property Type Condo/Co-Op/Villa/Townhouse
- Property Sub TypeTownhouse
- Status Active
- Square Feet 1,620
- Year Built 2016
- Waterfront No
- Maintenance Fees $400 Monthly
- Taxes $8,683
- Tax Year 2023