1315 NE 16th Ave
- Fort Lauderdale, FL 33304
- $950,000
- 3 Bed(s)
- 2 Baths
- 1,338 Sqft.
Basic Information
- MLS # A11733031
- Type Duplex / Quad Plex / Triplex
- Status Active
- Subdivision/Complex Progresso
- Year Built 1952
- Total Sqft 1,104
- Date Listed 01/28/2025
- Days on Market 89
Description
Excellent opportunity for builders or investors looking to undertake a development in a sought-after urban development. Property is zooned for duplex, or multi family structure (3 units) up to 5 story high (55 feet high) Lot is 6,762sf (0.16 AC) Prime location with excellent visibility and accessibility, Strong demand for housing space in the area. Note: some of the photos depict renderings. Multifamily Req's: Lot Size Min: 5,000sf Height Max: 55ft Lot Width Min: 50ft Front set Back: 25ft Side Set-back: 10ft Rear Set-back 20ft Land Density: 3.8 units rounded down - 3 units max duplex #1 is 1bdr 1 bath * similar structure generates $2k a month duplex#2 is 2br 1 bath * similar structure generates $2.5K a month water meter is shared, 2 meters for electricity, roof 2010
Exterior Features
- Waterfront No
- Pool No
- Construction Type Block
- Parking Spaces 0
- Parking Description
- Roof Description Shingle
Interior Features
- Adjusted Sqft 1,104
- Cooling Description Central Air
- Floor Description Tile
- Heating Description Central
- Sqft 1,104
Property Features
- Address 1020 N E16th Ter
- Aprox. Lot Size 1,104
- City Fort Lauderdale
- Construction Materials Block
- County Broward
- Furnished Info No
- Listing Terms Cash, Conventional
- Occupant Type Owner
- Pool Features None
- Possession Close Of Escrow
- Postal City Fort Lauderdale
- Roof Shingle
- Sewer Description Public Sewer
- Short Sale Regular Sale
- Stories 5
- HOA Fees N/A
- Subdivision Complex
- Subdivision Info Progresso
- Tax Amount $7,278
- Tax Information P R O G R E S S O2-18 D L O T18 B L K169
- Tax Year 2024
- Terms Considered Cash, Conventional
- Type of Property Duplex
- Year Built Details Resale
1020 NE 16th Ter
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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Douglas Elliman. tel: 561-245-2635
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