420 SE 16th St 420, Fort Lauderdale, 33316. MLS #F10437259
Property details
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.
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