1020 NE 16th Ter Active Save Request In-Person Tour Request Virtual Tour
Fort Lauderdale,FL 33304
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,104 sqft
Price per Sqft $688
Subdivision Progresso
MLS Listing ID A11733031
Construction Status Resale
HOA Y/N No
Year Built 1952
Annual Tax Amount $7,278
Tax Year 2024
Property Sub-Type Duplex
Property Description
Excellent opportunity for builders or investors looking to undertake a development in a sought-after urban development. Property is zooned for duplex, or multi family structure (3 units) up to 5 story high (55 feet high)
Lot is 6,762sf (0.16 AC) Prime location with excellent visibility and accessibility, Strong demand for housing space in the area. Note: some of the photos depict renderings.
Multifamily Req's:
Lot Size Min: 5,000sf
Height Max: 55ft
Lot Width Min: 50ft
Front set Back: 25ft
Side Set-back: 10ft
Rear Set-back 20ft
Land Density: 3.8 units rounded down - 3 units max
duplex #1 is 1bdr 1 bath
* similar structure generates $2k a month
duplex#2 is 2br 1 bath
* similar structure generates $2.5K a month
water meter is shared, 2 meters for electricity, roof 2010
Location
State FL
County Broward
Community Progresso
Area 3240
Direction Sheridan to the East until 15th Ave, turn to the North. One block North of Sunrise Blvd and 2 blocks NE from 15th Ave.
Interior
Heating Central
Cooling Central Air
Flooring Tile
Exterior
Pool None
Utilities Available Cable Not Available
Roof Type Shingle
Total Parking Spaces 8
Private Pool No
Building
Story 5
Sewer Public Sewer
Structure Type Block
Construction Status Resale
Others
Tax ID 494234045530
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Listed As-Is
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11733031