1025-1027 NE 16 Terrace, Fort Lauderdale, FL 33304 | MLS# R11062860 | Illustrated Properties
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Fort Lauderdale, FL 33304 1025-1027 NE 16 Terrace

$899,000

1025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 11025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 21025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 3
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Presented By: Century 21 Tenace Realty
  • MLS# R11062860
  • 02/15/2025
  • Request Tour
  • Request Info
  • Beds • 6
  • Baths • 4
  • SQFT • 3,026

Home Details

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!
Presented By: Century 21 Tenace Realty

Interior Features for 1025-1027 NE 16 Terrace

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringTile
Heating Y/NNo

General for 1025-1027 NE 16 Terrace

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityFort Lauderdale
Community FeaturesNonGated
Construction MaterialsFrame
CoolingCeilingFans, WallWindowUnits
CountyBroward
Directions95 to Sunrise Blvd. East to NE 15t Ave. make a left at NE 11th St. make a right and make another right onto NE 16th Terrace.
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HeatingNone
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionPROGRESSO 2-18 D LOT 6 BLK 170
LevelsTwo
Lot Size Square Feet6753.0
Lot Size UnitsSquareFeet
MLS Area3380
MLS Area MinorFt Ldale NE (3240-3270;3350-3380;3440-3450;3700)
MobileHomeRemainsYNNo
Net Operating Income71000.0
New ConstructionNo
Number Of Units Total4
Operating Expense25000.0
Patio/Porch FeaturesOpen, Patio, Porch
Pool FeaturesNone
PossessionClosingAndFunding
PostalCityFort Lauderdale
Property Attached Y/NNo
Property ConditionResale
Property TypeResidentialIncome
Rent Control Y/NNo
RoofOther
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Stories2
Subdivision NameProgresso
Tax Annual Amount15157.0
Tax Year2024
UtilitiesCableAvailable, ElectricityAvailable, SewerAvailable, WaterAvailable
Virtual TourClick here
Virtual TourClick here
Waterfront Y/NNo
Year Built1960
Year Built DetailsResale
Zoning DescriptionRMM-25

Exterior for 1025-1027 NE 16 Terrace

Building Area Total6753.0
Covered Spaces0.0
Crops Included Y/NNo
Exterior AmenitiesPorch, Patio
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions< 1/4 Acre
Lot FeaturesLessThanQuarterAcre
Lot Size Area6753.0
Open Parking Y/NNo
Private PoolNo
SpaNo
Water SourcePublic

Additional Details

Price History

Jacob Olivier

Realtor
Price $899,000
MLS#R11062860
List Date 02/15/2025
Property Type Income
Phone 561.685.5210
Request Tour
Request Info
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