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Investment Opportunity

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1025-1027 NE 16 Terrace Fort Lauderdale FL 33304 MLS #RX-11132122

1025-1027 NE 16 Terrace
Fort Lauderdale, FL, 33304
$799,000
Beds
0 Bathrooms
6,753 SqFt
0 Acres
Add
Add
$799,000
1025-1027 NE 16 Terrace
Fort Lauderdale, FL, 33304
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Project Description

Don’t miss this great investment opportunity in 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.

Financial

Gross Operating Income
$96,000
HOA Fee
$0
Net Operating Income
$76,000
Taxes
$0
Utilities
Cable, Electric, Public Sewer, Public Water

Investment results for buyers and agents

Property Details

Price:
$799,000
MLS #:
RX-11132122
Status:
Active
Baths:
0
Type:
Residential Income
Subtype:
Quad Plex
Subdivision:
Progresso
Listed Date:
Oct 14, 2025
Finished Sq Ft:
6,753
Year Built:
1960
Progresso

Schools

Interior

Cooling
Ceiling Fan, Wall- Win A/C
Flooring
Tile
Heating
Other

Exterior

Construction
Frame
Exterior Features
Covered Patio, Deck, Open Patio
Homeowners Assoc
None
Lot Description
< 1/4 Acre
Roof
Other
Waterfront Details
None

de todo

Map

1025-1027 NE 16 Terrace
Fort Lauderdale, FL