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1025-1027 NE 16 Terrace

Fort Lauderdale, FL 33304
  • $750,000
  • STATUS: Active
  • ON SITE: 55 Days
  • MLS #: R11132122
Price Reduced
$750,000
  • 0
    BEDS
  • < 1/4 Acre
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,223
    SQFT
  • $178
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Description

Don't miss this great investment opportunity in Lake Ridge! This Quadplex needs work to become an updated property. It is currently rented & offers strong income potential. Or, if preferred, it can be quickly readied for tear down. It's in a 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, one of which has 25 feet ceilings. Each unit features a private yard or patio. 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.

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All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2025 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2025-12-08T22:33:23.727.
www.bettersouthfloridahomes.com/homes/168866880
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1025-1027 NE 16 Terrace Fort Lauderdale, FL 33304

  • Price: $750,000
  • Status: Active
  • On Site: 55 Days
  • MLS #: R11132122
0
Beds
0
Baths
0
½ Baths
< 1/4 Acre
Acres
4,223
SQFT
$178
$/SQFT
1960
Built
Neighborhood:
Progresso
County:
Broward
Area:
Fort Lauderdale
Property Description
Don't miss this great investment opportunity in Lake Ridge! This Quadplex needs work to become an updated property. It is currently rented & offers strong income potential. Or, if preferred, it can be quickly readied for tear down. It's in a 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, one of which has 25 feet ceilings. Each unit features a private yard or patio. 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.
Exterior Features

Construction Materials Frame Covered Spaces 0 Exterior Features Deck Patio Patio And Porch Features Deck Patio Pool Features None Pool Private YN No Roof Other

Interior Features

Building Area Total 6753 Cooling Ceiling Fan(s) Wall / Window Unit(s) Cooling YN Yes Flooring Tile Heating Other Levels Two

Property Features

Association Fee 0 Association Fee Frequency Monthly Community Features Non- Gated Listing Terms Cash Lot Features < 1 /4 Acre Lot Size Dimensions < 1 /4 Acre Membership Equity YN Membership Fee Property Condition Resale Restrictions No Restrictions Senior Community YN No Sewer Public Sewer Stories 2 Tax Annual Amount 15157 Tax Year 2024 Tenant Pays Exterior Electric Utilities Cable Available Electricity Available Sewer Available Water Available Water Source Public Waterfront YN No Year Built Details Resale Zoning Description RMM-25

Listing provided courtesy of CENTURY 21 Tenace Realty: . Listing information © 2025 BeachesMLS


All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2025 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2025-12-08T22:33:23.727.
 
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1361 Sawgrass Corporate Parkway #200
Sunrise FL, 33323