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

You cannot enter from Sunrise Blvd ? navigation may route that way, but there is no access. Enter from US-1 or NE 15th Ave to reach NE 16th Terrace. Current use is a duplex (2/1 + 1/1). Redevelopment opportunity zoned RMM-25 on a 6,750 sq ft lot. Buyer/agent to verify zoning, density, and eligibility for workforce housing incentives with the municipality. Property is currently not rented. Showings by appointment only with listing agent. Nothing is due unless successful closing. Please call with any questions - happy to assist in making this sale happen.

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,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,List Office Name:Keller Williams Realty Service,Private Remarks:You cannot enter from Sunrise Blvd ? navigation may route that way, but there is no access. Enter from US-1 or NE 15th Ave to reach NE 16th Terrace. Current use is a duplex (2/1 + 1/1). Redevelopment opportunity zoned RMM-25 on a 6,750 sq ft lot. Buyer/agent to verify zoning, density, and eligibility for workforce housing incentives with the municipality. Property is currently not rented. Showings by appointment only with listing agent. Nothing is due unless successful closing. Please call with any questions - happy to assist in making this sale happen.,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,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,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,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_ 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.,Contract Status Change Date:2025-09-08,Internet Address Display Y N:1,Number Of Units In Community:2,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:634.06,