Basic Information

  • MLS # RX-11062860
  • Type Condominiums
  • Status Active
  • Subdivision/Complex Progresso
  • Year Built 1960
  • Total Sqft 3,026
  • Date Listed 02/15/2025
  • Days on Market 70
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!

Exterior Features

  • Waterfront No
  • Pool No
  • Construction Type Frame
  • Exterior Features Porch, Patio
  • Parking Spaces 0
  • Parking Description
  • Roof Description Other

Interior Features

  • Adjusted Sqft 3,026
  • Cooling Description Ceiling Fans, Wall Window Units
  • Floor Description Tile
  • Heating Description None
  • Sqft 3,026

Property Features

  • Address 1025-1027 N E16 Terrace
  • Aprox. Lot Size 6,753
  • City Fort Lauderdale
  • Community Features Non Gated
  • Construction Materials Frame
  • County Broward
  • Furnished Info No
  • Levels Two
  • Listing Terms Cash
  • Lot Description Less Than Quarter Acre
  • Lot Features Less Than Quarter Acre
  • Patio And Porch Features Open, Patio, Porch
  • Pool Features None
  • Possession Closing And Funding
  • Postal City Fort Lauderdale
  • Public Survey Section Two
  • Roof Other
  • Sewer Description Public Sewer
  • Short Sale Regular Sale
  • Stories 2
  • HOA Fees N/A
  • Subdivision Complex Progresso
  • Subdivision Info Progresso
  • Tax Amount $15,157
  • Tax Information P R O G R E S S O2-18 D L O T6 B L K170
  • Tax Year 2024
  • Terms Considered Cash
  • Water Source Public
  • Year Built Details Resale

1025-1027 NE 16th Ter

Fort Lauderdale, FL 33304

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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: Century 21 Tenace Realty. tel: (561) 740-2100

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