$875,000Active

305 SW 16th Street, Fort Lauderdale, FL 33315

Fort Lauderdale, FL 33315

2,530

Sq Ft

$346

$/Sq Ft

2004

Year Built

0.15 acres

Lot Size

Listing Snapshot

List Price	$875,000
Price / Sq Ft	$346
Beds	0
Baths	0
Living Area	2,530 sqft
Lot Size	0.15 acres

Year Built	2004
Property Tax	$13,550.83/yr
MLS #	1169566898
Status	Active

About This Home

Welcome to your high-yield, fully managed investment opportunity in the heart of Croissant Park, just minutes to the vibrant lifestyle of downtown's Las Olas blvd and Fort Lauderdale's world class beaches. 301 & 305 SW 16th St are being sold in tandem delivering a powerhouse portfolio of 2 lots, with a total of 4 units. Each unit features a spacious 3/2 split floor plan with open living & dining area, full kitchen & laundry. Meticulously designed and fully optimized for specialized group housing, currently serving as a high-demand short-term hub for yachting crew members. Whether you are looking to continue the lucrative crew housing model or pivot to a specialized residential facility, the infrastructure is already in place making this a truly turnkey investment operation from day one. What truly sets these units apart are the size of the units providing oversized bedrooms allowing for exceptional comfort and flexibility. The master bedroom in each unit easily accommodates a king-size bed and has its own ensuite bath, while the two additional large bedrooms have spacious closets and offer versatile configurations perfect for either a king bed or two twin beds depending on your needs. There is plenty of room to relax in the open living room / dining room combo which separates the master from the remaining 2 bedrooms. The full sized kitchens and laundry in each unit is a real convenience for its residents. Enclosed by a full privacy fence, this property serves as a secure haven for residents and a high-performance asset for investors. This is a rare "plug-and-play" opportunity, currently under full professional management and perfectly positioned for someone seeking a completely passive income stream. For the more hands-on owner, the flexibility remains to transition to self-management and take the reins directly. The location is unbeatable for the maritime industry, featuring dedicated off-street parking—a premium commodity in this area—and interior configurations that maximize both utility and privacy. With 12 total bedrooms across the two buildings, the scale offers a level of cash-flow potential that is increasingly difficult to find in the 33315 zip code. If you're looking for a turn-key, high-yield investment with a proven niche and management already in place, this is it.

General Features

Property Type: ResidentialIncome
Sub-type: Duplex
Stories: 1
Parking Spaces: 4
Foundation: Slab
Zoning: RM-15
Utilities: CableAvailable,ElectricityConnected,SewerConnected,WaterConnected
Subdivision: Croissant Park

Interior Features

Flooring: Tile
Heating: Other
Cooling: CentralAir,CeilingFans
Laundry: LaundryRoom,InUnit

Exterior Features

Construction: Block
Exterior Features: Barbecue,Courtyard,Garden,OutdoorLivingArea,UncoveredCourtyard
Roof: Shingle
Lot Features: OversizedLot,SprinklersAutomatic,LessThanQuarterAcre
Fencing: Full,Gate,Privacy
Pool: No
View: Garden
Waterfront: No
Waterfront Features: None