1025-1027 16 Terrace

Fort Lauderdale, FL 33304
Square Ft.
3,026
$899,000
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: aRead MoreRead Less
Courtesy of Century 21 Tenace Realty 561-740-2100
Listing Snapshot
Days Online
83
Last Updated
Property Type
Quad Plex
Square Ft.
3,026
Lot Size
0.16 Acres
Year Built
1960
MLS Number
RX-11062860
30 Days Snapshot Of 33304
$780k
-2%
(avg) sold price
1
-66%
home sold
175
+62%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
3,026 total living square feet, 6,753 total square feet, Built in 1960, 2 stories, 4 units in building, Year built description: Resale, Square footage source: Tax Rolls, Unit 1 is 600 square feet, Unit 2 is 600 square feet, Unit 3 is 915 square feet, Unit 4 is 915 square feet, Frame, A/C Unit, Built-in Shelves, Dryer, Electric Meter, Kitchen, Pantry, Range - Electric, Refrigerator, Smoke Detector, Washer, A/C Unit, Built-in Shelves, Dryer, Electric Meter, Range - Electric, Refrigerator, Washer, A/C Unit, Cathed/Vault Ceiling, Dishwasher, Dryer, Kitchen, Range - Electric, Refrigerator, Smoke Detector, Volume Ceiling, Washer, A/C Unit, W/D Hookup
Cooling
Ceiling Fan, Wall-Win A/C
Exterior Features
Covered Patio, Open Patio, Open Porch
Floors
Tile
Heating
No Heat
Interior Features
Unit 1 furnished?: No, Unit 2 furnished?: No, Unit 3 furnished?: No, Unit 4 furnished?: No
Lot
6,753 lot square feet, < 1/4 Acre
Miscellaneous
Business type: None, Unit 1 monthly income: $0, Unit 2 monthly income: $0, Unit 3 monthly income: $0, Unit 4 monthly income: $0, Gross operating income: $96,000, Annual total expense: $25,000, Annual net operating income: $71,000, None, Cash, Other
Parking
Space Parking, Space Parking, Space Parking, Space Parking
Property
Property type: B, Zoning: RMM-25, Waterfront: No, None
Roof
Other
Taxes
Real estate taxes: $15,157, Tax year: 2024, No Homestead
Utilities
0.00 meter, Cable, Electric, Public Sewer, Public Water
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Monthly Payment
$5,535
Jessica Imbesi Dantes
Global Luxury Specialist
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