Exceptional investment opportunity!This beautifully renovated Fourplex in the highly sought-after Riverside Park neighborhood, just moments from Downtown Fort Lauderdale, offers an impressive rental potential.
Property Highlights: Unit Breakdown: Two units featuring 3 bedrooms and 2 bathrooms each, and two units offering 4 bedrooms and 2 bathrooms each. Recently updated with fresh paint and modern finishes throughout.
IMPACT WINDOWS, security cameras, and a convenient on-site laundry room. ROOF Only 10 years old, ensuring reliability and longevity. Located in a prime area with strong rental demand, this property combines updated amenities with a strategic location. Perfect for investors seeking a turnkey asset with excellent income potential. Don't miss out on this fantastic opportunity!
Listed by Mirella Schnars
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License #3402676
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Real Estate Empire Group, Inc.
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786-493-5488
Listed by Margette Stovall
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License #3441559
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Real Estate Empire Group, Inc.
Last updated August 28, 2025
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Source: MIAMIRE #A11658637
Listing Facts
TypeMulti-family
NeighborhoodRiverside Park
Days on Prevu361
Taxes$12,682/year
Size4,855 sqft
Price per sqft$360
Amenities
Pets Allowed
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
07/02/2025
Price Decreased
$1,750,000
04/24/2025
Status changed to Active
$1,900,000
04/24/2025
Status changed to In Contract
$1,900,000
04/02/2025
Status changed to Pending
$1,900,000
12/30/2024
Price Decreased
$1,900,000
09/13/2024
Listed by Real Estate Empire Group, Inc.
$2,300,000
Property Details for 640 SW 16th Ave
Association
General
Number Of Units In Community: 4
Exterior
Construction
Roof: Shingle
Stories: 2
Stories Total: 2
Structure Type: Quadruplex, Fourplex
Year Built: 1965
Year Built Details: Resale
Architectural Style: Detached
Building Name: RIVERSIDE NO 2
Construction Materials: CBS Construction
Measurements
Building Area Total: 4,855
Building Area Units: Square Feet
Lot Features: Less Than 1/4 Acre Lot
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 504209030061
Tax Annual Amount: $12,682.00
Tax Year: 2023
Interior
Features
Flooring: Tile
Measurements
Living Area: 4,855
Living Area Units: Square Feet
Other
Location
Subdivision Name: RIVERSIDE NO 2
Parking
Parking
Parking Total: 4
Utilities
Equipment
Cooling: Central Air
Has Cooling: Yes
Heating: Central
Has Heating: Yes
Sewer: Public Sewer
Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.