FL > Fort Lauderdale > Lake Ridge Progresso
Fort Lauderdale, FL 33304,1020 NE 16th Ter
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Fort Lauderdale, FL 33304,1020 NE 16th Ter
Fort Lauderdale, FL 33304,1020 NE 16th Ter
Fort Lauderdale, FL 33304,1020 NE 16th Ter
Fort Lauderdale, FL 33304,1020 NE 16th Ter
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Alex Miranda

Alex Miranda

+1(305) 712-6522
$ 699,999
Est. payment /mo
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1020 NE 16th Ter Fort Lauderdale, FL 33304

1,104 SqFt

UPDATED:

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

HOA Y/N No

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

Direction You cannot enter from Sunrise Blvd — navigation apps may route you that way, but there is no access. Enter the neighborhood from US-1 or NE 15th Ave to reach NE 16th Terrace.

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Terrazzo

Exterior

Pool None

Utilities Available Cable Available

Roof Type Flat,Shingle,Tile

Total Parking Spaces 4

Private Pool No

Building

Lot Description < 1/4 Acre

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick,Block,Stucco

Others

Tax ID 494234045530

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

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Keller Williams Realty Service
Alex Miranda

Alex Miranda

Licensed Realtor | COMP3203583

+1(305) 712-6522

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1020 NE 16th Ter

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