Don't miss this great investment opportunity in HOT Lake Ridge! This Quadplex needs work but offers strong income potential, or builders can develop up to 3 units on the lot, setbacks depend on building height. Prime walkable location near downtown, beaches, shopping, and dining. The lot includes two buildings: a one-story with two 1/1s and a two-story with two 2/1s, all featuring private yards or patios. Each building has separate water meters, and each unit has its own electric meter. Please do not disturb tenants or walk the property without an appointment. Call the listing agent for details!
For sale
$899,000
1025-1027 NE 16 Terrace, Fort Lauderdale, FL 33304
6beds
3,026sqft
Est.:
Multi Family
Built in 1960
-- sqft lot
$856,200 Zestimate®
$297/sqft
$-- HOA
What's special
Private yards or patios
- 170 days
- on Zillow |
- 157 |
- 5 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: February 27, 2025 at 04:56am
Listed by:
Debra J Temkin 954-801-4114,
Century 21 Tenace Realty
Source: BeachesMLS,MLS#: RX-11062860
Originating MLS: Beaches MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- None
Cooling
- Ceiling Fan(s), Wall/Window Unit(s), A/C Unit
Appliances
- Included: Dryer, Electric Range, Refrigerator, Washer, Range - Electric, Dishwasher
- Laundry: W/D Hookup
Features
- Built-in Features, Kitchen, Pantry, Built-in Shelves, Cathed/Vault Ceiling, Volume Ceiling
- Flooring: Tile
Interior area
- Total structure area: 6,753
- Total interior livable area: 3,026 sqft
Video & virtual tour
Property
Parking
- Parking features: Space Parking
Features
- Stories: 2
- Patio & porch: Covered Patio, Open Patio, Open Porch
- Waterfront features: None
Lot
- Size: 6,753 Square Feet
- Features: < 1/4 Acre
Details
- Parcel number: 494234045650
- Zoning: RMM-25
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame
- Roof: Other
Condition
- Resale
- New construction: No
- Year built: 1960
Utilities & green energy
- Electric: Electric Meter, Separate Electrical Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected
Community & HOA
Community
- Features: None
- Security: Smoke Detector(s), Smoke Detector
- Subdivision: Progresso
HOA
- Services included: None
Location
- Region: Fort Lauderdale
Financial & listing details
- Price per square foot: $297/sqft
- Annual tax amount: $15,157
- Date on market: 2/15/2025
- Listing terms: Cash,Other
- Tenant pays: None
- Electric utility on property: Yes
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