Fort Lauderdale, FL 33304 1020 NE 16th Terrace
$760,000
16 more
Presented By: Douglas Elliman
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 a multi-family structure ( 3 units) up to 5 story high ( 55 feet high) Lot is 6,762sf (0.16AC) Prime location with excellent visibility and accessibility. Strong demand for housing space in the area. Note: some of the photos depict renderings. Multifamily Ref's: Lot Size Min 5,000sfHeight Max: 55 ft Lot Width Min: 50ftFront Set Back: 25ftSide set back: 10ftRear Set-back: 20ftLand Density: 3.8 units rounded down 3 units Maxduplex #1 is 1bdr 1 bath* similar structure generates $2k a monthduplex#2 is 2br 1 bath* similar structure generates $2.5K a monthwater meter is shared, 2 meters for electricity, roof 2010
Presented By: Douglas Elliman
General for 1020 NE 16th Terrace
Area3240
AuctionNo
Geo AreaFTNE
Geo Lat26.138166
Geo Lon-80.126541
HOANone
Legal DescriptionPROGRESSO 2-18 D LOT 18 BLK 169
MiscellaneousOther
Property TypeC
REONo
Short SaleNo
StatusActive
StyleCommercial, Multi-Family Med Den, Single Family
SubdivisionPROGRESSO
Tax Year2024
Taxes$7,278
Terms ConsideredCash, Conventional
TypeCommercial Land
UsageUnimproved Multi-Fam
Utilities AvailableMunicipal Sewer
ViewCity
Virtual TourClick here
ZoningRMM-25
Exterior for 1020 NE 16th Terrace
Ground CoverOther
ImprovementsHome
Lot Description< 1/4 Acre
Lot Size0.16
RoadsCity/County Maint., Country
Soil TypeDirt
Subdiv InfoSidewalks, Street Lights
TreesOther
WaterfrontNo
Additional Details
Price History
Jean Rameau
Realtor®
