1025 – 1027 NE 16th Ter, Fort Lauderdale FL 33304 | Broward County | A11894246

1025 - 1027 NE 16th Ter, Fort Lauderdale FL 33304

Residential Income Active

$1,100,000

15 More

Type
Quadruplex

4223 Square Feet
Area Size

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Residential Income Active

1025 – 1027 NE 16th Ter, Fort Lauderdale FL 33304 | Broward County | A11894246

1025 - 1027 NE 16th Ter, Fort Lauderdale FL 33304

$1,100,000

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

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Address: 16th Ter
City: Fort Lauderdale
State/county: Broward County
Zip/Postal Code: 33304
Area: PROGRESSO

Details

Updated on October 13, 2025 at 3:01 pm

Property ID A11894246
Price $1,100,000
Property Size 4223 Square Feet
Year Built 1959
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Attached
BuildingAreaTotal 4223
BuildingAreaUnits Square Feet
BuildingName PROGRESSO
ConstructionMaterials Frame
ContractStatusChangeDate 2025-10-10
Cooling Ceiling Fan(s), Wall/Window Unit(s)
DaysOnMarket 3
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
ListingKey 0bdb723c00a79bb77b0447a1a714f583
ListingTerms All Cash, Conventional, FHA, VA Loan
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Progresso
MajorChangeTimestamp October 13, 2025 at 12:01pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp October 13, 2025 at 12:01pm
NumberOfUnitsInCommunity 4
OnMarketDate 2025-10-10
OriginalEntryTimestamp October 13, 2025 at 12:01pm
OriginalListPrice 1100000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 494234045650
ParkingTotal 4
PhotosChangeTimestamp October 13, 2025 at 12:06pm
PhotosCount 20
Possession Funding
PostalCodePlus4 2302
PriceChangeTimestamp October 10, 2025 at 06:59pm
PublicSurveyRange 49
PublicSurveySection 34
PublicSurveyTownship 49
RentIncludes None
Roof Other
Sewer Septic Tank
ShowingInstructions Showing Assist
SourceSystemKey 421712176
StateOrProvince FL
StatusChangeTimestamp October 13, 2025 at 12:01pm
Stories 1
StoriesTotal 1
StreetDirPrefix NE
StreetName 16th Ter
StreetNumber 1025 - 1027
StreetNumberNumeric 1025
StructureType Quadruplex, Fourplex
SyndicationRemarks 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.
TaxAnnualAmount 15156
TaxLegalDescription PROGRESSO 2-18 D LOT 6 BLK 170
TaxYear 2024
YearBuiltDetails Effective Year Built
Zoning RMM-25