Fantastic 4-Plex in Ft Lauderdale's Lakeridge. Consists of (1) 3 bedroom/2 bath-(1) 2 bedroom/2 bath-(1) 2 bedroom/1 bath-(1) efficiency. New roof replaced in 2007 & Hurricane Impact windows/doors for windstorm protection and security. Property currently has one tenant on month-to-month agreement (vacating January). Hot rental neighborhood with a potential proforma of 6.72%-7.19% CAP rate. (3) meters for the property. Washer/Dryer hook-up for additional income. Oversized 10,126 sq.ft. lot! (4) Parking spaces & (3) guest parking spaces. Property RC=15 zoning. Central air for all units (no wall units). Property exterior was recently painted & new tile flooring in 3 of the units. Come add your personal touches and draw a nice income. Close to Galleria Mall, fine dining, shopping, & the beach!
Full Property Details
Full Property Details for 1108 NE 16th Terrace
Sold For: $710,000
MLS ID: F10152704
Added: 218 day(s) ago
Flooring: Terrazzo Floors, Tile Floors
Windows/Treatment: Blinds/Shades, High Impact Windows, Impact Glass
County: Broward County
Subdivision: Progresso 2-18 D
Driving Directions: FROM SUNRISE BLVD. TAKE NE 15TH AVE NORTH, MAKE A RIGHT ON NE 11TH ST. TAKE A LEFT AT NE 16TH TERRACE AND PROPERTY IS ON THE RIGHT.
Heating & Cooling
Cooling Type: Central Cooling
Heating Type: Central Heat
Sewer: Municipal Sewer
Cable Available: Yes
Architectural Style: Fourplex
Construction: Concrete Block Construction, Cbs Construction
Roof: Comp Shingle Roof
Living Area: 3,300 Sq. Ft.
Year Built: 1946
Lot Description: Less Than 1/4 Acre Lot
Tax Year: 2017
Terms: Cash, Conventional
Disclosures and Reports
Legal Description: PROGRESSO 2-18 D LOT 14 N1/2, 15 BLK 158
Property ID: 494234043860
Listed by ERA Infinity Properties Sold by Related ISG International Real
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School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History
Price & Sales History for 1108 NE 16th Terrace
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Listed by MLS Realty Of Weston, LLC Sold by Meridian Realty Group, LLC
1108 NE 16th Ter, Fort Lauderdale, FL 33304 (MLS# F10152704) is a
Multi-Family property that was sold at $710,000 on April 17, 2019.
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