1020 NE 16th Ter new Save Request In-Person Tour Request Virtual Tour
Fort Lauderdale,FL 33304
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,104 sqft
Price per Sqft $634
Subdivision Lake Ridge Progresso
MLS Listing ID A11874270
Year Built 1951
Annual Tax Amount $7,278
Tax Year 2024
Property Sub-Type Duplex
Property Description
Redevelopment opportunity in the heart of Fort Lauderdale's Lake Ridge neighborhood. This duplex sits on a 6,750 sq ft lot and is zoned RMM-25, allowing up to 25 units per acre with a maximum building height of 55 feet. Current use is a 2-unit duplex (2/1 + 1/1), providing immediate rental income while planning future development.
Ideal for developers and investors, this site can support three townhomes or explore potential density bonuses with affordable/workforce housing programs. Located just minutes from Las Olas, Downtown, and the beach, Lake Ridge continues to attract new construction townhomes and multifamily projects. *Buyer to verify all zoning and density requirements with the municipality
Location
State FL
County Broward
Community Lake Ridge Progresso
Area 3380
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Terrazzo
Exterior
Pool None
Utilities Available Cable Available
Roof Type Flat,Shingle,Tile
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Water Public
Structure Type Brick,Block,Stucco
Others
Acceptable Financing Conventional,FHA 203(k),FHA,VA Loan
Listing Terms Conventional,FHA 203(k),FHA,VA Loan
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11874270