Description
Exceptional Investment Opportunity – Zoned RM-15 in Lake Ridge/ Progresso
Not your average duplex! This income-producing property is located in the heart of Fort Lauderdale’s Lake Ridge/ Progresso neighborhood and offers significant future development potential. Zoned RM-15, it allows for up to 8 units. Each unit includes its own oversized, fenced backyard, providing rare privacy and outdoor space in a multifamily setting. Split and private main entry for Tenants or Owner/ Tenant
Property is tenant-occupied and generating income. Ideal for investors looking to hold or redevelop in one of Fort Lauderdale’s most desirable locations—just minutes from Las Olas, the beach, and downtown.
Address: 1215-1217 NE 16th Ave, Fort Lauderdale FL 33304
City: Fort Lauderdale
Area: PROGRESSO
State/County: Broward County
Zip: 33304
Country: United States
Property Id: 89936
Price: $ 799,000
Property Size: 2,210.00 ft2
ArchitecturalStyle: Detached
BuildingAreaTotal: 2188
BuildingAreaUnits: Square Feet
BuildingName: PROGRESSO
ConstructionMaterials: Concrete Block Construction
ContractStatusChangeDate: 2025-05-28
Cooling: Ceiling Fan(s), Central Air
DaysOnMarket: 135
DocumentsAvailable: Financial Statement
DoorFeatures: High Impact Doors
ExpirationDate: 2025-10-28
Fencing: Fenced
Flooring: Ceramic Floor
Heating: Central, Electric
InternetAddressDisplayYN: 1
InternetEntireListingDisplayYN: 1
ListAOR: A-Miami Association of REALTORS
ListAgentDirectPhone: 805-907-5847
ListAgentEmail: stephpinder.broker@gmail.com
ListAgentFullName: Stephanie Pinder
ListAgentKey: 5356a1740f02d62a98d7578cca9ad26e
ListAgentMlsId: 3316883
ListAgentOfficePhone: 805-907-5847
ListAgentStateLicense: 3316883
ListOfficeKey: 2b5ef767044ee503610e93d614c33ec5
ListOfficeMlsId: RLXG01
ListOfficeName: Relux Realty Group - FTL
ListOfficePhone: 805-907-5847
ListingAgreement: Exclusive Right To Sell
ListingContractDate: 2025-05-28
ListingId: A11809897
ListingTerms: All Cash, Conventional, FHA
LivingAreaUnits: Square Feet
LotFeatures: Less Than 1/4 Acre Lot
LotSizeUnits: Square Feet
MIAMIRE_AdjustedAreaSF: 2188
MIAMIRE_Style: Duplex
MIAMIRE_TypeofAssociation: None
MLSAreaMajor: Progresso
MajorChangeType: Price Decrease
MlsStatus: Active
NumberOfUnitsInCommunity: 2
NumberOfUnitsTotal: 2
OnMarketDate: 2025-05-28
OriginalListPrice: 925000
OriginatingSystemID: miamire
OriginatingSystemKey: miamire
OriginatingSystemName: Miami Association of REALTORS®
ParcelNumber: 494234029200
ParkingTotal: 4
PatioAndPorchFeatures: Patio
PhotosCount: 65
Possession: Funding
PostalCodePlus4: 2318
PreviousListPrice: 849000
PublicSurveyRange: 49
PublicSurveySection: 34
PublicSurveyTownship: 49
RentIncludes: Gardener
Roof: Shingle
Sewer: Public Sewer
ShowingContactType: Agent
ShowingInstructions: 24 Hour Notice, Call Listing Agent
SourceSystemKey: 411988358
StateOrProvince: FL
Stories: 1
StoriesTotal: 1
StreetDirPrefix: NE
StreetName: 16th Ave
StreetNumber: 1215-1217
StreetNumberNumeric: 1215
StructureType: Duplex
TaxAnnualAmount: 12158
TaxLegalDescription: PROGRESSO 2-18 D LOT 8 S 40, 9 N 40 BLK 102
TaxYear: 2024
YearBuilt: 1958
YearBuiltDetails: Resale
Zoning: RC-15
Other Features
Fruit Trees
Has Cooling System
Has Heating System
Room For Pool
$ 4,096.63
per month
- Principal and Interest
- Property Tax
- HOA fee
$ 3,097.88
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