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.
Address: 1025 - 1027 NE 16th Ter, Fort Lauderdale FL 33304
City: Fort Lauderdale
Area: PROGRESSO
State/County: Broward County
Zip: 33304
Country: US
Property Id: 124295
Price: $ 1,100,000
Property Size: 4,223.00 ft2
ArchitecturalStyle: Attached
BuildingAreaTotal: 4223
BuildingAreaUnits: Square Feet
BuildingName: PROGRESSO
ConstructionMaterials: Frame
ContractStatusChangeDate: 2025-10-10
Cooling: Ceiling Fan(s), Wall/Window Unit(s)
DaysOnMarket: 4
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.
DocumentsAvailable: None
ExpirationDate: 2026-10-09
Flooring: Tile
Heating: None
InternetAddressDisplayYN: 1
InternetAutomatedValuationDisplayYN: 1
InternetConsumerCommentYN: 1
InternetEntireListingDisplayYN: 1
ListAOR: A-Miami Association of REALTORS
ListAgentDirectPhone: 305-542-6470
ListAgentEmail: Jeff@jcsalesteam.com
ListAgentFullName: Jeffrey Corriolan
ListAgentKey: f78132b71a42b87600e64711f4819adb
ListAgentMlsId: 3259001
ListAgentOfficePhone: 954-477-7332
ListAgentStateLicense: 3259001
ListOfficeFax: 786-573-8474
ListOfficeKey: 5a72c4fd1a9fee4f8e1462e46b6afcc3
ListOfficeMlsId: COMP04
ListOfficeName: Compass Florida, LLC
ListOfficePhone: 954-477-7332
ListingAgreement: Exclusive Right To Sell
ListingContractDate: 2025-10-10
ListingId: A11894246
ListingTerms: All Cash, Conventional, FHA, VA Loan
LivingAreaUnits: Square Feet
LotFeatures: Less Than 1/4 Acre Lot
LotSizeUnits: Square Feet
MIAMIRE_AdjustedAreaSF: 3026
MIAMIRE_Style: Fourplex
MIAMIRE_TypeofAssociation: None
MLSAreaMajor: Progresso
MajorChangeType: New
MlsStatus: Active
NumberOfUnitsInCommunity: 4
OnMarketDate: 2025-10-10
OriginalListPrice: 1100000
OriginatingSystemID: miamire
OriginatingSystemKey: miamire
OriginatingSystemName: Miami Association of REALTORS®
ParcelNumber: 494234045650
ParkingTotal: 4
PhotosCount: 20
Possession: Funding
PostalCodePlus4: 2302
PublicSurveyRange: 49
PublicSurveySection: 34
PublicSurveyTownship: 49
RentIncludes: None
Roof: Other
Sewer: Septic Tank
ShowingInstructions: Showing Assist
SourceSystemKey: 421712176
StateOrProvince: FL
Stories: 1
StoriesTotal: 1
StreetDirPrefix: NE
StreetName: 16th Ter
StreetNumber: 1025 - 1027
StreetNumberNumeric: 1025
StructureType: Quadruplex, Fourplex
TaxAnnualAmount: 15156
TaxLegalDescription: PROGRESSO 2-18 D LOT 6 BLK 170
TaxYear: 2024
YearBuilt: 1959
YearBuiltDetails: Effective Year Built
Zoning: RMM-25
Other Features
Has Cooling System
$ 5,639.92
per month
- Principal and Interest
- Property Tax
- HOA fee
$ 4,264.92
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