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

$515,000

Est. payment /mo

$579,000

11.1%
Est.Price: ?

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1020 NE 16th Ter Fort Lauderdale, FL 33304

1,104 SqFt

SOLD DATE : 11/18/2025

Key Details

Sold Price $515,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,104 sqft

Price per Sqft $466

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

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Keller Williams Realty Service
Bought with Keller Williams Realty Service
Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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