1025 - 1027 16th Ter ,Attached, Quadruplex, Progresso for Sale

1025 - 1027 16th Ter for Sale

Price $1,100,000.00

• Lot size 4223
• Year Build 1959
• Waterfront
• Zip 33304
• Style Attached
• Parking Description
• Pool Yes
• Status Active

Description

Don?t miss this exceptional investment opportunity in the highly sought-after Lake Ridge neighborhood. This quadplex requires some renovation but offers strong income potential, or builders may redevelop the lot with up to three units, subject to setback requirements based on building height. Ideally located within walking distance to downtown Fort Lauderdale, beaches, shopping, and dining, the property includes two buildings?a one-story with two 1-bedroom, 1-bath units and a two-story with two 2-bedroom, 1-bath units?each featuring private yards or patios. Both buildings have separate water meters, and each unit is individually metered for electricity. Please do not disturb tenants or access the property without an appointment.

PROGRESSO 2-18 D LOT 6 BLK 170

Less Than 1/4 Acre Lot

Don?t miss this exceptional investment opportunity in the highly sought-after Lake Ridge neighborhood. This quadplex requires some renovation but offers strong income potential, or builders may redevelop the lot with up to three units, subject to setback requirements based on building height. Ideally located within walking distance to downtown Fort Lauderdale, beaches, shopping, and dining, the property includes two buildings?a one-story with two 1-bedroom, 1-bath units and a two-story with two 2-bedroom, 1-bath units?each featuring private yards or patios. Both buildings have separate water meters, and each unit is individually metered for electricity. Please do not disturb tenants or access the property without an appointment.

City:Fort Lauderdale,Zoning:RMM-25,Cooling:1:Wall/Window Unit(s),List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2024,Latitude:26.1383282,Cooling Y N:1,List Price:1100000,Listing Id:A11894246,Longitude:-80.1270658,Mls Status:Active,Year Built:1959,Directions:95 to Sunrise Blvd. East to NE 15t Ave. make a left at NE 11th St. make a right and make another right onto NE 16th Terrace.,Living Area:4223,Postal Code:33304,Street Name:16th Ter,Coordinates:1:26.1383282,Photos Count:20,Building Name:PROGRESSO,Days On Market:4,Listing Terms:1:Conventional,2:FHA,3:VA Loan,Lot Size Units:Square Feet,M I A M I R E_ Area:3380,M L S Area Major:Progresso,On Market Date:2025-10-10,Parcel Number:494234045650,Parking Total:4,Property Type:Residential Income,Stories Total:1,Street Number:1025 - 1027,M I A M I R E_ Style:Fourplex,Public Remarks:Don?t miss this exceptional investment opportunity in the highly sought-after Lake Ridge neighborhood. This quadplex requires some renovation but offers strong income potential, or builders may redevelop the lot with up to three units, subject to setback requirements based on building height. Ideally located within walking distance to downtown Fort Lauderdale, beaches, shopping, and dining, the property includes two buildings?a one-story with two 1-bedroom, 1-bath units and a two-story with two 2-bedroom, 1-bath units?each featuring private yards or patios. Both buildings have separate water meters, and each unit is individually metered for electricity. Please do not disturb tenants or access the property without an appointment.,Structure Type:1:Fourplex,County Or Parish:Broward County,Expiration Date:2026-10-09,List Office Name:Compass Florida, LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2302,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:PROGRESSO,Tax Annual Amount:15156,Unparsed Address:1025 - 1027 NE 16th Ter, Fort Lauderdale FL 33304,Listing Agreement:Exclusive Right To Sell,Year Built Details:Effective Year Built,Building Area Total:4223,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:260.4783,Original List Price:1100000,Public Survey Range:49,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:Don?t miss this exceptional investment opportunity in the highly sought-after Lake Ridge neighborhood. This quadplex requires some renovation but offers strong income potential, or builders may redevelop the lot with up to three units, subject to setback requirements based on building height. Ideally located within walking distance to downtown Fort Lauderdale, beaches, shopping, and dining, the property includes two buildings?a one-story with two 1-bedroom, 1-bath units and a two-story with two 2-bedroom, 1-bath units?each featuring private yards or patios. Both buildings have separate water meters, and each unit is individually metered for electricity. Please do not disturb tenants or access the property without an appointment.,Listing Contract Date:2025-10-10,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:Showing Assist,Street Number Numeric:1025,Tax Legal Description:PROGRESSO 2-18 D LOT 6 BLK 170,M I A M I R E_ Current Price:1100000,Public Survey Township:49,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:3026,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:Great investment opportunity in Lake Ridge! This quadplex offers strong redevelopment potential in a prime location near beaches, and shopping.,M I A M I R E_ Parcel Number M L X:5650,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$26.138296$-80.127071$319.77$13.33$1.00$-EMON77LgExIIN_-bc-J3g,Contract Status Change Date:2025-10-10,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,M I A M I R E_ Subdivision Number:4,M I A M I R E_ Agent Alternate Phone:305-542-6470,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1025 - 1027 NE 16th Ter,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:260.48,Internet Automated Valuation Display Y N:1,