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640 SW 16th Ave
Fort Lauderdale, FL 33312 Riverside Park

$1,450,000 USD

Apartments For Sale • 6,592 SF

Property Details

Property Type Apartments
Total Building Size 6,592 SF
Lot Size 0.16 AC
Building Class C
Year Built 1965
Cap Rate 5.46 %
Zoning RM-15

38 Transit Score

16 Walk Score

                
                    Highlights
                
                                Prime Location: 5 minutes to highways & Downtown Fort Lauderdale; 10 minutes to FLL Airport and the beach
                            
                                Strong Unit Mix: Two 3-bed/2-bath units and two 4-bed/2-bath units with spacious, modern layouts
                            
                                Attractive Income Stream: Current GOI of $103,320 with a pro forma GOI of $156,000
                            
                                Value-Add Upside: One unit owner-occupied, allowing buyer occupancy or lease-up at market rent
                            
                                High Rental Demand: Excellent long-term tenant appeal and cash flow potential

Property Flyers

640 SW 16th AAVE-ELEVI-FLYER

Financial Summary (Proforma)

Net Operating Income: $117,576 USD (2026)

Cap Rate:	5.46 %
Total Expenses:	$38,424 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
	7 min	-	2.2 mi
Fort Lauderdale (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	8 min	-	2.5 mi
Airport	Drive	Walk	Distance
Fort Lauderdale/Hollywood International	12 min	-	5.7 mi
Miami International	49 min	-	30.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Elior Levi 954-743-7594 Fausto Commercial Realty Consultants

640 SW 16th Ave Fort Lauderdale, FL 33312 Riverside Park