305 SW 16th Street, Fort Lauderdale, FL 33315

$875,000
Property Type: Residential Income Square Footage: 2,530 Status: Active
Current Price: $875,000 List Date: 5/23/2026 Last Modified: 5/31/2026

Description

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.

Supplements: 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.

More Information MLS# B26032225

Contract Information

Comp Sale YN: No Negotiable Seller Concessions YN: No Listing Date: 2026-05-23 Status: Active Original List Price: 875000 List Price: $875,000 Current Price: $875,000 Listing Service: Full Service

Location and Legal

County Or Parish: Broward Municipality Type: Incorporated Geographic Area: FTSW - Ft Lauderdale SW (3470-3500;3570-3590) Subdivision Number: 1 Special Assessment YN: No Flood Zone: X Country: United States Street Number: 305 Street Direction Prefix: SW Street Name: 16th Street Suffix: Street State Or Province: FL Postal Code: 33315 Postal Code +4: 1731 Subdivision Name: Croissant Park Area: 3500 Elementary School: Croissant Park Middle Or Junior School: New River High School: Stranahan Parcel Number: 504215013490 Zoning: RM-15 Directions: From Davie Blvd go south on SW 4th Ave. Go east on SW 16th St to the property.

General Property Information

Number Of Units Total: 2 Adjusted Area Main: 2530 Living Area Main: 2530 Living Area Source: Public Records Accessibility Features YN: No Gated Community YN: No Parking Total: 4 Lot Size Area: 6750 Senior Community YN: No Outdoor Living Spaces YN: Yes Stories Total: 1 Stories: 1 Pool Private YN: No Spa YN: No LP/Assessed Value: 1.44 Property Sub Type: Duplex Building Area Main: 2530 Building Area Source: Public Records Year Built: 2004 Lot Size Acres: 0.15

Financial Information

Master Association YN: No Estimated Monthly Assoc Recurring Fee: 0 Tax Assessed/SOH Value: 608440 Assessor Market Value: 731140 Tax Annual Amount: 13550.83 Tax Year: 2025 Tax Legal Description: LAUDERDALE 2-9 D LOT 34 BLK 58

Office/Member Information

DXORIGMLSID: RML

Exterior Features

Barbecue: 1 Courtyard: 1 Garden: 1

Flooring

Tile: 1

Foundation Details

Slab: 1

Property Condition

Resale: 1

Special Information

Sold As-Is: 1

Special Listing Conditions

Standard: 1

Documents Available

Other: 1

Fencing

Full: 1 Gate: 1 Privacy: 1

Meter Information

Separate Electric Meters YN: Yes Separate Gas Meters YN: No Separate Water Meters YN: No Number Of Meters Total: 1 Number Of Separate Electric Meters: 2

Structure Type

Duplex: 1

Tenant Pays

None: 1

Possession

Close Of Escrow: 1

Sewer

Public Sewer: 1

Utilities

Cable Available: 1 Electricity Connected: 1 Sewer Connected: 1 Water Connected: 1

View

Garden: 1

Heating

Other: 1

Sprinkler Description

Auto Sprinkler: 1

Water Access

None: 1

Construction Materials

Block: 1

Laundry Features

In Unit: 1 Laundry Room: 1

Levels

One: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1

Lot Features

Oversized Lot: 1

Road Frontage Type

City Street: 1

Road Responsibility

Public Maintained Road: 1

Road Surface Type

Asphalt: 1

Roof

Shingle: 1

Water Source

Public: 1

Cooling

Ceiling Fan(s): 1 Central Individual: 1

Ceiling Fan Details

Number Of Ceiling Fans: 3

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1

Main Living Area

Entry Level: 1

Membership

No Membership Available: 1

Pets Allowed YN

No: 1

Restrictions

No Restrictions: 1

Tax Information

No Homestead: 1

Outdoor Living Spaces

Courtyard: 1

Courtyard Details

Courtyard - Covered: 1 Courtyard - Open: 1

Unit 1 Appliances

Dryer: 1 Microwave: 1 Range: 1 Refrigerator: 1 Washer: 1

Unit 1 Details

Actual Rent: 5000 Baths Full: 2 Beds Total: 3 Efficiency YN: No Furnished: Furnished Hotel Room YN: No SqFt: 1265

Unit 1 Interior Features

Split Bedroom Plan: 1

Unit 1 Lease Description

Currently Leased YN: Yes Lease Term: Other Lease Expiration: 2026-07-31 Occupant Type: Tenant

Unit 1 Other Equipment

Air Conditioning Unit: 1 Washer/Dryer Hookups: 1

Unit 1 Parking Details

Carport YN: No Garage YN: No

Unit 1 Parking Features

Open Parking: 1

Unit 1 Rooms

Family Room: 1 Kitchen: 1 Laundry Room: 1 Utility Room: 1

Unit 2 Appliances

Dryer: 1 Microwave: 1 Range: 1 Refrigerator: 1 Washer: 1

Unit 2 Details

Actual Rent: 5000 Baths Full: 2 Beds Total: 3 Efficiency YN: No Furnished: Furnished Hotel Room YN: No SqFt: 1265

Unit 2 Interior Features

Split Bedroom Plan: 1

Unit 2 Lease Description

Currently Leased YN: Yes Lease Term: Other Lease Expiration: 2026-07-31 Occupant Type: Tenant

Unit 2 Other Equipment

Air Conditioning Unit: 1 Washer/Dryer Hookups: 1

Unit 2 Parking Details

Carport YN: No Garage YN: No

Unit 2 Parking Features

Open Parking: 1

Unit 2 Rooms

Family Room: 1 Kitchen: 1 Laundry Room: 1 Utility Room: 1

Price Calculations

Current Price To SqFt: 345.84

Acreage Description

Less Than 1/4 Acre Lot: 1 Less Than 1 Acre Lot: 1

Status Change Information

Major Change Timestamp: 2026-05-23T16:07:11Z Major Change Type: New Listing Status Change Date: 2026-05-23

Originating Details

Originating System Key: 20260523154748542917000000 Originating System ID: M00000170

Property Features

Documents Available: Other Exterior Features: Barbecue; Courtyard; Garden Fencing: Full; Gate; Privacy Flooring: Tile Foundation Details: Slab Property Condition: Resale Special Listing Conditions: Standard Structure Type: Duplex Tenant Pays: None Construction Materials: Block Cooling: Ceiling Fan(s); Central Individual Heating: Other Laundry Features: In Unit; Laundry Room Levels: One Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Oversized Lot Main Living Area: Entry Level Membership: No Membership Available Pets Allowed YN: No Possession: Close Of Escrow Restrictions: No Restrictions Road Frontage Type: City Street Road Responsibility: Public Maintained Road Road Surface Type: Asphalt Roof: Shingle Sewer: Public Sewer Special Information: Sold As-Is Sprinkler Description: Auto Sprinkler Tax Information: No Homestead Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected View: Garden Water Access: None Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent Outdoor Living Spaces: Courtyard Courtyard Details: Courtyard - Covered; Courtyard - Open Unit 1 Appliances: Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Interior Features: Split Bedroom Plan Unit 1 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups Unit 1 Parking Features: Open Parking Unit 1 Rooms: Family Room; Kitchen; Laundry Room; Utility Room Unit 2 Appliances: Dryer; Microwave; Range; Refrigerator; Washer Unit 2 Interior Features: Split Bedroom Plan Unit 2 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups Unit 2 Parking Features: Open Parking Unit 2 Rooms: Family Room; Kitchen; Laundry Room; Utility Room Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot
Listing Office: Compass Florida LLC
IDX
Last Updated: May - 31 - 2026
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