Florida
Fort Lauderdale
1025-1027 NE 16 Terrace

$899,000

1025-1027 NE 16 Terrace, Fort Lauderdale, FL 33304

3,026 sqft

Multi-Family Home
Built in 1960
6,970sqft lot
—— car garage
$297/sqft
Listed 4 months ago

Property Description

Don't miss this great investment opportunity in HOT Lake Ridge! This Quadplex needs work but offers strong income potential, or builders can develop up to 3 units on the lot, setbacks depend on building height. Prime walkable location near downtown, beaches, shopping, and dining. The lot includes two buildings: a one-story with two 1/1s and a two-story with two 2/1s, all featuring private yards or patios. Each building has separate water meters, and each unit has its own electric meter. Please do not disturb tenants or walk the property without an appointment. Call the listing agent for details!

Listing Status:: Active
Date Added:: February 15, 2025 at 06:00AM
Listing Office:: Century 21 Tenace Realty : (561) 740-2100
Listing Agent:: Debra Temkin : (954) 801-4114
MLS ID:: R11062860

Flooring: Tile
A/C: Ceiling Fan(s)Wall/Window Unit(s)
Heating: None

This listing courtesy of Debra Temkin, Century 21 Tenace Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Bennett Elementary School

1755 NE 14th St, Fort Lauderdale, FL, 33304

Grades KG-5

0.51 miles away

Sunrise Middle School

1750 NE 14th St, Fort Lauderdale, FL, 33304

Grades 6-8

0.44 miles away

Fort Lauderdale High School

1600 NE 4th Ave, Fort Lauderdale, FL, 33305

Grades 9-12

1.05 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.