Fort Lauderdale, FL 33304,1241 NE 16th Ter
Fort Lauderdale, FL 33304,1241 NE 16th Ter
Fort Lauderdale, FL 33304,1241 NE 16th Ter
Fort Lauderdale, FL 33304,1241 NE 16th Ter
Fort Lauderdale, FL 33304,1241 NE 16th Ter
Fort Lauderdale, FL 33304,1241 NE 16th Ter
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$ 2,000,000
Est. payment | /mo

0.26 Acres Lot


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$ 2,000,000
Est. payment | /mo
Save

0.26 Acres Lot

Key Details

Property Type Multi-Family, Commercial

Sub Type Income/Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID F10472248

HOA Y/N No

Total Fin. Sqft 11480

Year Built 1969

Tax Year 2024

Lot Size 0.264 Acres

Property Description

This remarkable multifamily property offers a blend of impeccable location and income-generating potential in the center of Fort Lauderdale. It offers 7 conforming units with an additional non-conforming unit. The versatile layout includes 3 studio apartments, 3 1-bedroom/1-bath units, and a spacious 3-bedroom/2-bath residence, accommodating everyone seeking ample living space.
This fully-leased multifamily asset stands as a premier income-generating opportunity, anchored by a solid base of long-term, quality tenants. Beyond stable rental income, the property also benefits from an additional passive revenue stream through its on-site, coin-operated laundry facility, offering investors a consistent boost to overall cash flow.

Location

State FL

County Broward County

Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700)

Zoning RC-15

Exterior

Water Access N

Private Pool No

Others

Pets Allowed No

BeachesMLS Matrix (RAPB-F prefix)
Listed by Native Realty Co.
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1241 NE 16th Ter