901 NE 16TH Avenue, Fort Lauderdale, FL 33304 (MLS# B26099709)

901 NE 16TH Avenue, Fort Lauderdale, FL 33304

New Listing
$3,950,000
Property Type: Commercial Sale Square Footage: 7,772 Status: Active
Current Price: $3,950,000 List Date: 11/13/2026 Last Modified: 11/13/2026

Overview

Description

PRIME VICTORIA PARK INVESTMENT OPPORTUNITY! 18-unit multifamily property with pool in desirable Fort Lauderdale location. Offered at $3,950,000 ($219,444/unit). Unit mix: 7 studios, 10 one-bedroom and 1 two-bedroom apartments. Features a landscaped courtyard, swimming pool and two-story building. Minutes from Las Olas Blvd, Downtown, Holiday Park and beaches. Monthly rent roll of $29,095 ($349,140 annually). Seller-reported NOI of approximately $217,494, indicating a 5.5% cap rate. Excellent income-producing investment opportunity.

Listing Details MLS# B26099709

General Property Information

Number Of Buildings
Yes
Property Sub Type
Multi Family
Number Of Units Total
18
Price Per Unit
219444
Occupant Type
Tenant
Building Area Main
7772
Building Area Source
Other
Adjusted Area Main
7772
Year Built
1968
Parking Total
18
Lot Size Area
13500
Lot Size Acres
0.31
Accessibility Features YN
No
Stories Total
2

Property Features

Ceiling: Plastered Documents Available: Books & Records; Copy Of Lease(s); Deed; Existing Survey; Owner Managed; Rent Rolls Electric: 110 Volts; 220 Volts Flooring: Tile Heating: Window/Wall Parking Features: Assigned; On Street Possession: Close Of Escrow Special Listing Conditions: Standard Construction Materials: CBS Cooling: Wall/Window Unit(s) Listing Terms: 1031 Exchange; Cash; Conventional Roof: Shingle Security Features: Other Sewer: Public Sewer Structure Type: Warehouse Utilities: Cable Available; Electricity Available; Sewer Available; Water Available Water Source: Public Showing Requirements: Call Listing Agent Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
3950000
Negotiable Seller Concessions YN
Yes
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
901
Street Direction Prefix
NE
Street Name
16TH
Street Suffix
Avenue
City Name
Fort Lauderdale
Municipality Type
Incorporated
State Or Province
FL
Postal Code
33304
Postal Code +4
5405
Area
3270
Geographic Area
FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700)
Parcel Number
494234058000
Subdivision Number
5
Zoning
RMM-25
Flood Zone
AE,X
Property Description
MULTI-FAMILY 10 UNITS OR MORE

Financial Information

Tax Annual Amount
63998.83
Tax Year
2026
Tax Assessed/SOH Value
3059570
Tax Legal Description
PROGRESSO 2-18 D LOT 11,12 BLK 227
Assessor Market Value
3059570

Status Change Information

Major Change Timestamp
2026-11-13T01:21:04Z
Major Change Type
New Listing
Status Change Date
2026-11-12

More Information

Meter Information

Separate Electric Meters YN
Yes
Number Of Separate Electric Meters
14
Separate Gas Meters YN
No
Separate Water Meters YN
No
Number Of Meters Total
14

Income and Expenses

Gross Scheduled Income
181000
Inc/Exp Statement Period
2006

Description of Unit Type 1

Unit Type
2 Bedroom
Units Total
Yes
Full Baths
2
Furnished
No

Description of Unit Type 2

Unit Type
1 Bedroom
Units Total
10
Full Baths
Yes
Furnished
No

Description of Unit Type 3

Unit Type
Efficiency
Units Total
7
Full Baths
Yes
Furnished
No

Originating Details

Originating System Key
20261113002027714690000000
Originating System ID
M00000170
IDX
Listing Office: Inbal Ruiz
Source MLS Verified
Last Updated: November - 13 - 2026
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