1020 16th Ter ,Duplex, Lake Ridge Progresso for Sale

1020 16th Ter for Sale

Price $699,999.00

• Lot size 1104
• Year Build 1951
• Waterfront
• Zip 33304
• Style Attached, Ranch
• Parking Description
• Pool Yes
• Status Active

Description

Redevelopment opportunity in the heart of Fort Lauderdale?s Lake Ridge neighborhood. This duplex sits on a 6,750 sq ft lot and is zoned RMM-25, allowing up to 25 units per acre with a maximum building height of 55 feet. Current use is a 2-unit duplex (2/1 + 1/1), providing immediate rental income while planning future development. Ideal for developers and investors, this site can support three townhomes or explore potential density bonuses with affordable/workforce housing programs. Located just minutes from Las Olas, Downtown, and the beach, Lake Ridge continues to attract new construction townhomes and multifamily projects. *Buyer to verify all zoning and density requirements with the municipality

PROGRESSO 2-18 D LOT 18 BLK 169

Less Than 1/4 Acre Lot

Redevelopment opportunity in the heart of Fort Lauderdale?s Lake Ridge neighborhood. This duplex sits on a 6,750 sq ft lot and is zoned RMM-25, allowing up to 25 units per acre with a maximum building height of 55 feet. Current use is a 2-unit duplex (2/1 + 1/1), providing immediate rental income while planning future development. Ideal for developers and investors, this site can support three townhomes or explore potential density bonuses with affordable/workforce housing programs. Located just minutes from Las Olas, Downtown, and the beach, Lake Ridge continues to attract new construction townhomes and multifamily projects. *Buyer to verify all zoning and density requirements with the municipality

City:Fort Lauderdale,Roof:1:Shingle,Zoning:RMM-25,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2024,Latitude:26.1381862,Cooling Y N:1,Heating Y N:1,List Price:699999,Listing Id:A11874270,Longitude:-80.1265947,Mls Status:Active,Year Built:1951,Directions:You cannot enter from Sunrise Blvd ? navigation apps may route you that way, but there is no access. Enter the neighborhood from US-1 or NE 15th Ave to reach NE 16th Terrace.,Inclusions:None,Living Area:1104,Postal Code:33304,Street Name:16th Ter,Coordinates:1:26.1381862,Photos Count:10,Building Name:Lake Ridge Progresso,Days On Market:22,Listing Terms:1:FHA,2:FHA 203K,3:VA Loan,Lot Size Units:Square Feet,M I A M I R E_ Area:3380,M L S Area Major:Lake Ridge Progresso,On Market Date:2025-09-08,Parcel Number:494234045530,Parking Total:4,Property Type:Residential Income,Stories Total:1,Street Number:1020,M I A M I R E_ Style:Duplex,Public Remarks:Redevelopment opportunity in the heart of Fort Lauderdale?s Lake Ridge neighborhood. This duplex sits on a 6,750 sq ft lot and is zoned RMM-25, allowing up to 25 units per acre with a maximum building height of 55 feet. Current use is a 2-unit duplex (2/1 + 1/1), providing immediate rental income while planning future development. Ideal for developers and investors, this site can support three townhomes or explore potential density bonuses with affordable/workforce housing programs. Located just minutes from Las Olas, Downtown, and the beach, Lake Ridge continues to attract new construction townhomes and multifamily projects. *Buyer to verify all zoning and density requirements with the municipality,County Or Parish:Broward County,Expiration Date:2026-01-31,List Office Name:Keller Williams Realty Service,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2331,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:Lake Ridge Progresso,Lake Ridge,Tax Annual Amount:7278,Unparsed Address:1020 NE 16th Ter, Fort Lauderdale FL 33304,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:1104,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:AE,M I A M I R E_ L P Amt Sq Ft:634.0571,Original List Price:699999,Public Survey Range:49,Architectural Style:1:Ranch,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:Redevelopment opportunity in the heart of Fort Lauderdale?s Lake Ridge neighborhood. This duplex sits on a 6,750 sq ft lot and is zoned RMM-25, allowing up to 25 units per acre with a maximum building height of 55 feet. Current use is a 2-unit duplex (2/1 + 1/1), providing immediate rental income while planning future development. Ideal for developers and investors, this site can support three townhomes or explore potential density bonuses with affordable/workforce housing programs. Located just minutes from Las Olas, Downtown, and the beach, Lake Ridge continues to attract new construction townhomes and multifamily projects. *Buyer to verify all zoning and density requirements with the municipality,Listing Contract Date:2025-09-08,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:Appointment Only,Call Listing Agent,Street Number Numeric:1020,Tax Legal Description:PROGRESSO 2-18 D LOT 18 BLK 169,M I A M I R E_ Current Price:699999,Public Survey Township:49,Construction Materials:1:CBS Construction,2:Stucco,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:1104,M I A M I R E_ Geographic Area:Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700),M I A M I R E_ Internet Remarks:Lake Ridge. Duplex 2/1 + 1/1 on 6,750 sq ft lot zoned RMM-25. Redevelopment opportunity with potential for townhomes or workforce housing.,M I A M I R E_ Parcel Number M L X:5530,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Street View Param:1$26.138173$-80.126533$50.69$13.33$1.00$-EMON77LgExIIN_-bc-J3g,M I A M I R E_ Supplement Count:2,Contract Status Change Date:2025-09-08,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:2,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:4,M I A M I R E_ Agent Alternate Phone:954-319-6792,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1020 NE 16th Ter,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:634.06,