312 NE 16th Ter, Fort Lauderdale FL, 33301

Active

312 NE 16th Ter

Fort Lauderdale FL, 33301

$3,299,000

$762.77 per sqft

Active

4,325 sqft

Commercial

Built in 1958

Rare opportunity in coveted Victoria Park! Prime multi-family property boasting 5 legal units in Fort Lauderdale's 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. Don't miss your chance to secure a lucrative investment in this thriving community!

A11570702

MLSⓇ ID

April 16, 2024

Listed

April 17, 2024

Updated

Map

312 NE 16th Ter
Fort Lauderdale FL, 33301

Interior Features

Floor Description: Ceramic Floor, Tile
Fireplace: No
Cooling: Yes
Cooling Description: Wall/Window Unit(s)
Heating: No

Exterior/Building Features

Lot Size: 0.27 Acres
Lot Features: Corner Lot, Near Airport, Near Seaport, In Residential Area
Roof: Other
Sewer: Public Sanitation

Other Property Details

Taxes: $38,615
Tax Frequency: Annually
Garage: No
View: No
County: Broward County
Water Source: Public
Pool: No
Zoning: RC-15
Buyer Agency Compensation: 2,5%

Listed by: Vera Realty LLC
Listing Contact: 754-610-1289

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated 2:34 AM UTC, 4/17/2024.