3050 Ne 16th Avenue Unit #204, Oakland Park, FL 33334

$255,000
2
BD
2
BA
1,133
SqFt
Sold Price
$255,000
List Price
$259,900
Days on Market
125
Closing Date
Jul 26, 2024
MLS#
F10425725
Year Built
1972
Bedrooms
2
Bathrooms
2
Living Area
1,133
Building Name
River Terrace Condo

Property Description

CASH BUYER'S ONLY - Unique opportunity for flippers, investors or someone looking for a second home in Fort Lauderdale. Currently the building is undergoing the 50 yrs certification. Seller paid All special assessments in full, including an additional amount for contingencies. The unit is currently rented until 04/30/25 for $1,800.00 a month, which will easily cover the first year of the two-year waiting period for rent. The last remodeled unit sold was $400,000 giving ample ARV value for remodeling. Once the building's upgrades are done prices will increase substantially. BOATERS - if you own a small boat, you can use the community dock. Please check the fixed bridges for clearance, as only small boats may go through. You can also do paddling or kayaking from the community's dock.

Additional Information

Taxes
$4,976
Hoa Fee
$2,290
Community Features
River Terrace Condo
Property Description
Condo
Interior Features
First Floor Entry, Elevator
Appliances
Dishwasher, Disposal, Microwave, Refrigerator
Heating
Central, Electric
Air Conditioning
Central Air, Electric
Exterior Construction
Concrete Block Construction
Elementary School
Wilton Manors
Middle School
Sunrise
High School
Fort Lauderdale

Listing Courtesy Of LoKation, Contact:

Selling Office: Global Real Estate Brokerage L.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks