$1,090,000
SOLD MAR 27, 2025

1185 SW 16th Ave Fort Lauderdale, FL 33312

Riverside Park Neighborhood
-- Bed
-- Bath
1,502 Sq Ft
4,617 Sq Ft Lot

Recently Sold

$726 Per Sq Ft

4% Below List Price

57 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • 4-minute walk to Coontie Hatchee Park
  • Cooling Available
  • Heating Available

About This Home

As of March 2025

New Listing – Prime Multifamily Investment Opportunity in Fort Lauderdale
Discover an exceptional chance to secure a profitable asset in a rapidly developing neighborhood. This property features two standalone buildings, each offering two spacious 2BR/2BA units (four total). Currently generating $90K+ in annual income and approximately $70K in NOI (a 6%+ CAP), this investment has clear upside potential with nearby comps suggesting $110K+ in possible annual income after upgrades.Each building boasts 1,502 SF of well-maintained living space, set on a combined 9,220 SF lot. Surrounded by new developments in a gentrifying location, this is a rare opportunity to add value through modern renovations and strategic improvements.

Last Agent to Sell the Property

Rosa Poler

Optimar International Realty License #3268052

Optimar International Realty

Last Buyer's Agent

Pedro Piquet Conde

Top Tier International Realty, LLC. License #3555863

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,878

Year Built

  • Built in 1988

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex

Interior Spaces

  • 1,502 Sq Ft Home
  • 2-Story Property
  • Ceramic Tile Flooring

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association
  • Riverside Park Add Amen P Condos
  • Riverside Park Add Amen P Subdivision

Listing and Financial Details

  • Rent includes trash collection
  • Assessor Parcel Number 504209130420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,878

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1988
  • Property Sub Type: Quadruplex
  • Architectural Style: Ranch
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: RIVERSIDE PARK ADD AMEN P
  • Year Built Details: Resale
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Ceramic Floor
  • Living Area: 1502
  • Possible Use: Primary
  • Stories: 2

Exterior Features

  • Roof: Other
  • Construction Type: Other
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: RIVERSIDE PARK ADD AMEN P
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 504209130420
  • Zoning: RD-15
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None, Trash Collection

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7878

Multi Family

  • Number Of Units In Community: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2025 03/27/25 Sold $1,090,000 -4.4% $726 / Sq Ft
01/29/2025 01/29/25 For Sale $1,140,000 +436.5% $759 / Sq Ft
09/08/2015 09/08/15 Sold $212,500 -5.6% $140 / Sq Ft
08/14/2015 08/14/15 Pending -- -- --
04/23/2015 04/23/15 For Sale $225,000 -- $148 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,878 $368,580 -- --
2024 $7,349 $368,580 -- --
2023 $7,349 $304,620 $0 $0
2022 $6,619 $276,930 $0 $0
2021 $6,185 $251,760 $0 $0
2020 $5,409 $238,990 $13,800 $225,190
2019 $4,489 $208,080 $13,800 $194,280
2018 $4,166 $207,730 $13,450 $194,280
2017 $3,836 $179,780 $0 $0
2016 $3,626 $163,440 $0 $0
2015 $2,593 $98,530 $0 $0
2014 $2,412 $89,580 $0 $0
2013 -- $93,320 $13,540 $79,780
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $408,700 New Conventional
Previous Owner $95,000 Balloon
Previous Owner $150,000 Balloon
Previous Owner $40,886 Commercial
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $545,000 None Listed On Document
Warranty Deed $425,000 Attorney
Warranty Deed $100 --
Warranty Deed $61,543 --
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11735110

MIAMI REALTORS® MLS

APN: 50-42-09-13-0420

Florida Broward County Fort Lauderdale 33312 Riverside Park

1185 SW 16th Ave, Fort Lauderdale, FL

Homes for Sale in Fort Lauderdale, FL

This home is located at 1185 SW 16th Ave, Fort Lauderdale, FL 33312 and is currently priced at $1,090,000, approximately $725 per square foot. This property was built in 1988. 1185 SW 16th Ave is a home located in Broward County with nearby schools including Croissant Park Elementary School, New River Middle School, and Stranahan High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.