312 NE 16th Ter Fort Lauderdale FL 33301
16th Ter, Fort Lauderdale,Basics
- Lot Size Units: Square Feet
- Category: Commercial Sale
- Type: Multi Family
- Status: Active
- Bathrooms: 0
- Year built: 1958
- MLS ID: A11570702
Description
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Description:
Rare opportunity in coveted Victoria Park! Prime multi-family property boasting 5 legal units in Fort Lauderdaleâs most desirable locale. Steps from Las Olas and downtown, with the beach just 10 minutes away. This unique corner lot spans 10,000 sqft, presenting endless potential for savvy investors. Explore the possibility of developing 3 to 4 townhomes, capitalizing on the rapidly expanding new development scene. The fifth unit, a 2-bed, 1-bath gem, currently generates $3,400/month in rental income. Donât miss your chance to secure a lucrative investment in this thrivingââââââââââââââââââââââââââââââââ community!
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Property details
- Total Building Area: 4325
- Lot Size Square Feet: 11691
- Parcel Number: 504202150780
- Possession: Closing & Funding,Close Of Escrow
- Road Frontage Type: City Street
- Lot Size Area: 11691
- Structure Type: Apartment,Multi Family
Property Features
- Window Features: Impact Glass
- Security Features: Fenced,Smoke Detector(s)
- Construction Materials: Aluminum Siding,Block
- Cooling: Wall/Window Unit(s)
- Cooling Y/N: 1
- Covered Spaces: 0
- Flooring: Ceramic Tile,Tile
- Sewer: Public Sewer
- Roof: Other
- Water Source: Public
Location Details
- County Or Parish: Broward County
- Zoning Description: RC-15
Fees & Taxes
- Tax Annual Amount: 38615
- Tax Year: 2023
- Tax Legal Description: VICTORIA PARK CORR AMEN PLAT 10-66 B LOT 1 BLK 6
- Association Fee: 0
Miscellaneous
- Gross Scheduled Income: 15000
- Tenant Pays: Water
- Virtual Tour URL: https://www.propertypanorama.com/instaview/mia/A11570702
Ask our real estate expert about this property
This Multi Family-type commercial real estate is located in 16th Ter, Fort Lauderdale, was built in 1958, and is listed at $3,299,000.