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1117 NE 16th Ter, Fort Lauderdale, FL 33304
$799,999
1117 NE 16th Ter, Fort Lauderdale, FL 33304View this property at 1117 NE 16th Ter, Fort Lauderdale, FL 33304
1117 NE 16th TerFort LauderdaleFL33304
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Property Description
PERFECT INCOME PROPERTY / CASH COW!! The home has two separate meters, A/C's, water tanks, and two separate entrances. NEW MODERN POOL and common space for grilling & entertaining! The new landlord can continue renting as a single-family home certified as an Airbnb vacation property or for a fair price, the Seller will re-install the wall separating the 2 spaces back to a large 2/1 & 1/1 with pavers to the rear entrance. The kitchen is completely updated with white shaker cabinets and SS appliances. Home has mostly impact windows & doors. Both areas have large bedrooms maxing out rental income potential. BEST location! est. 5 mins Uber to the ocean and downtown or walk to restaurants. Prime Street with new construction. Sold furnished. Move-in ready w/pre-bookings for future income.
Full Property Details
Full Property Details for 1117 NE 16th Terrace
General
- Price: $799,999
- Taxes: $10,629 (2022)
- Status: Active
- Type: Duplex
- MLS ID: A11475118
- Updated: 4/12/2024
- Added to Site: 186 day(s) ago
Rental Information
- Rent Includes: Cable TV, Gardener, Pool Maintenance, Trash Collection, Water
Interior
- Flooring: Tile, Vinyl
Additional Information
- Pool: Yes
- Pool Description: Above Ground
Exterior
- Deck/Patio: Patio
Parking
- Total Spaces: 3
Location
- Area: Progresso
- County: Broward County
- Subdivision: PROGRESSO
- Building Name: PROGRESSO
Community
- Community Name: Progresso
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Central Air
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Municipal Water
Structural Information
- Architectural Style: Attached
- Structure Type: Duplex
- Detached/Attached: Detached
- Construction: CBS Construction
- Roof: Flat Tile, Shingle
- Windows: Partial Impact Glass, Impact Glass, Single Hung Metal, Sliding
- Stories/Levels: 1
- Building Size: 1710
- Square Feet: 1,456
- Living Area: 1,456 Sq. Ft.
- Year Built: 1951
Lot Features
- Lot Features: Less Than 1/4 Acre Lot
- Zoning: RC-15
- Fencing (Description): Fenced
Financial Considerations
- Price Per Sq. Ft.: $549.45
- Operating Expenses: $25,500
- Tax Amount: $10,629
- Tax Year: 2022
- Terms: All Cash, Conventional, Owner Will Carry
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Documents Avail.: Financial Statement, Investment Analysis, Other Available Information
- Legal Description: PROGRESSO 2-18 D LOT 8 BLK 157
- Property ID: 494234043610
Listed by One Sotheby's Int'l Realty
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Schools
Schools serving 1117 NE 16th Terrace
School District:Broward County School District
Rating | Name | Grades | Distance |
---|---|---|---|
1755 Ne 14th St, Ft Lauderdale, FL 33304 | PK-5 | 0.4 mi | |
1750 Ne 14th St, Ft Lauderdale, FL 33304 | 6-8 | 0.3 mi | |
1600 Ne 4th Ave, Ft Lauderdale, FL 33305 | 9-12 | 1 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 1117 NE 16th Terrace
Date
Details
Price
Change
Source
2/06/2024
Price Reduced
$799,999
-2.44%
MLS
10/24/2023
Listed
$820,000
36.89%
MLS
8/02/2021
Sold
$599,000
—
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 1117 NE 16th Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,718
27%
$536,550
26%
2021
$8,437
100%
$424,170
-28%
2022
-100%
$589,760
49%
2021
$8,437
10%
$395,100
4%
2019
$7,670
13%
$379,240
10%
2018
$6,800
8%
$345,510
10%
2017
$6,315
305%
$314,100
227%
2016
$1,560
3%
$95,960
1%
2015
$1,520
—
$95,300
1%
2014
$1,526
-19%
$94,550
1%
2013
$1,875
—
$93,160
—
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 1117 NE 16th Terrace
1117 NE 16th Ter, Fort Lauderdale, FL 33304 (MLS# A11475118) is a Duplex property with 0 bedrooms and 0 full bathrooms. 1117 NE 16th Ter is currently listed for $799,999 and was received on October 24, 2023. Want to learn more about 1117 NE 16th Ter? Do you have questions about finding other Duplex real estate for sale in Fort Lauderdale? You can browse all Fort Lauderdale real estate or contact a Coldwell Banker agent to request more information.