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312 NE 16th Ter, Fort Lauderdale, FL 33301
$3,299,000
312 NE 16th Ter, Fort Lauderdale, FL 33301View this property at 312 NE 16th Ter, Fort Lauderdale, FL 33301
312 NE 16th TerFort LauderdaleFL33301
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Property Description
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!
Full Property Details
Full Property Details for 312 NE 16th Terrace
General
- Price: $3,299,000
- Taxes: $38,615 (2023)
- Status: Active
- Type: Multi-Family
- MLS ID: A11570666
- Updated: 4/16/2024
- Added to Site: 33 day(s) ago
Rental Information
- Rent Includes: Electricity, Pest Control, Trash Collection
Interior
- Flooring: Ceramic Floor, Tile
Parking
- Total Spaces: 5
Location
- Area: Victoria Park Corr Amen P
- County: Broward County
- Subdivision: VICTORIA PARK CORR AMEN P
- Building Name: VICTORIA PARK CORR AMEN P
Community
- Community Name: Victoria Park Corr Amen P
- Units Assoc/Comm: 4
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric, Other
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: Detached
- Structure Type: Quadruplex, Fourplex
- Detached/Attached: Detached
- Construction: Concrete Block With Brick, CBS Construction
- Roof: Flat Tile
- Stories/Levels: 2
- Building Size: 4325
- Square Feet: 4,325
- Living Area: 4,325 Sq. Ft.
- Year Built: 1958
Unit Information
- Units in Complex: 4
Lot Features
- Lot Features: Less Than 1/4 Acre Lot
- Zoning: RC-15
Financial Considerations
- Price Per Sq. Ft.: $762.77
- Tax Amount: $38,615
- Tax Year: 2023
- Terms: Conventional
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2, 5%
- Documents Avail.: Copy Of Lease(S)
- Legal Description: VICTORIA PARK CORR AMEN PLAT 10-66 B LOT 1 BLK 6
- Property ID: 504202150780
Listed by Vera Realty LLC
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Schools
Schools serving 312 NE 16th Terrace
School District:Broward County School District
Rating | Name | Grades | Distance |
---|---|---|---|
900 Se 15th St, Ft Lauderdale, FL 33316 | PK-5 | 1.7 mi | |
1750 Ne 14th St, Ft Lauderdale, FL 33304 | 6-8 | 1.2 mi | |
1600 Ne 4th Ave, Ft Lauderdale, FL 33305 | 9-12 | 1.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 312 NE 16th Terrace
Date
Details
Price
Change
Source
4/16/2024
Listed
$3,299,000
49.95%
MLS
7/06/2022
Sold
$2,200,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 312 NE 16th Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2023
$38,615
131%
$1,917,670
147%
2022
$16,722
4%
$774,830
4%
2021
$16,130
—
$744,650
-4%
2021
$16,130
-9%
$778,000
-11%
2019
$17,814
-3%
$874,880
-7%
2018
$18,366
—
$936,340
1%
2017
$18,385
5%
$925,830
9%
2016
$17,498
32%
$851,220
40%
2015
$13,250
4%
$605,970
10%
2014
$12,693
6%
$550,890
3%
2013
$11,947
—
$535,270
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 312 NE 16th Terrace
312 NE 16th Ter, Fort Lauderdale, FL 33301 (MLS# A11570666) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 312 NE 16th Ter is currently listed for $3,299,000 and was received on April 16, 2024. Want to learn more about 312 NE 16th Ter? Do you have questions about finding other Multi-Family real estate for sale in Victoria Park? You can browse all Victoria Park real estate or contact a Coldwell Banker agent to request more information.