Fort Lauderdale, FL 33304 1020 NE 16th Ter
$760,000
16 more
Presented By: This listing is courtesy of Douglas Elliman;
Beds • 2
Full/Half Baths • 2 / 2
SQFT • 1,104
Home Details
Excellent opportunity for builders or investors looking to undertake a development in a sought-after urban development. Property is zooned for duplex, or multi family structure (3 units) up to 5 story high (55 feet high)
Lot is 6,762sf (0.16 AC) Prime location with excellent visibility and accessibility, Strong demand for housing space in the area. Note: some of the photos depict renderings.
Multifamily Req's:
Lot Size Min: 5,000sf
Height Max: 55ft
Lot Width Min: 50ft
Front set Back: 25ft
Side Set-back: 10ft
Rear Set-back 20ft
Land Density: 3.8 units rounded down - 3 units max
duplex #1 is 1bdr 1 bath
* similar structure generates $2k a month
duplex#2 is 2br 1 bath
* similar structure generates $2.5K a month
water meter is shared, 2 meters for electricity, roof 2010
Presented By: This listing is courtesy of Douglas Elliman;
Interior Features for 1020 NE 16th Ter
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringTile
Heating Y/NYes
General for 1020 NE 16th Ter
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityFort Lauderdale
Construction MaterialsBlock
CoolingCentralAir
CountyBroward
DirectionsSheridan to the East until 15th Ave, turn to the North. One block North of Sunrise Blvd and 2 blocks NE from 15th Ave.
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionPROGRESSO 2-18 D LOT 18 BLK 169
Listing TermsCash, Conventional
Lot Size UnitsSquareFeet
MLS Area3240
MLS Area MinorNorth Broward Intracoastal To Us1 (3211-3234)
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeOwner
Pool FeaturesNone
PossessionCloseOfEscrow
PostalCityFort Lauderdale
Property Attached Y/NNo
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
Rent IncludesOther
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsListedAsIs
Standard StatusActive
StatusActive
Stories5
Subdivision NamePROGRESSO
Tax Annual Amount7278.0
Tax Year2024
UtilitiesCableNotAvailable
Virtual TourClick here
Waterfront Y/NNo
Year Built1952
Year Built DetailsResale
Zoning DescriptionRMM-25
Exterior for 1020 NE 16th Ter
Building Area Total1104.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking8.0
Additional Details
Price History
