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640 SW 16th AveFort Lauderdale, FL 33312

For Sale

$1,750,000

Smart Buyer Rebate $17,500

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.

Full MLS Disclaimers

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.