$ 875,000
-
$875,000
Price -
6
Bed -
4
Bath -
2,530
SqFt
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About the Listing 276611618 - 279566348
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.
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Central Air,Ceiling Fan(s)
- Heating:
- Fireplaces:
- Floor: Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Oversized Lot,Sprinklers Automatic,< 1/4 Acre
- Garage Capacity: N/A
- Parking Spaces: 4
- Zoning: RM-15
- Roof: Shingle
- Others: Barbecue,Courtyard,Garden,Outdoor Living Area,Uncovered Courtyard
- Sewer: Public Sewer
Financial Details
- Tax Amount: $13,551
- Taxes w/Assessments: $608,440
- Tax/Property ID: 504215013490
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
305 SW 16th St Fort Lauderdale, FL 33315
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