420 SE 16th St Unit 420, Fort Lauderdale, FL 33316

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. 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 the past seven years, this turnkey investment has delivered consistent returns, with the current rental rate set at $4, 800 per month. Looking ahead, a lucrative renewal term offers a rental increase to $5, 200 per month for the next five years, ensuring stable cash flow and favorable returns. This hassle-free investment requires minimal effort from the owner, as the corporate tenant covers all utilities and repairs, while the HOA management handles rental collections and unit maintenance. Each unit is a spacious 3-bedroom, 2.5-bath residence spread across two levels, featuring a balcony and a two-car garage for added convenience and appeal. Strategically located in downtown Fort Lauderdale, this fee simple townhome community enjoys proximity to key amenities such as Whole Foods, the iconic SE 17th St Causeway bridge, and the pristine beaches of South Florida. With its prime location and steady rental income, this investment offers not only immediate cash flow but also promising appreciation upside over time. Don't miss out on this rare opportunity to own a lucrative and low-maintenance investment property in one of Fort Lauderdale's most desirable locations. Secure your financial future with this outstanding investment today!

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