About 312 Ne 16th Ter
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!
Features of 312 Ne 16th Ter
| MLS® # | A11570666 |
|---|---|
| Price | $3,299,000 |
| Square Footage | 4,325 |
| Year Built | 1958 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Style | Fourplex |
| Status | Active |
Community Information
| Address | 312 Ne 16th Ter |
|---|---|
| Area | 3240 |
| Subdivision | VICTORIA PARK CORR AMEN P |
| City | Fort Lauderdale |
| County | Broward County |
| State | FL |
| Zip Code | 33301-3856 |
Amenities
| Utilities | Cable Available |
|---|---|
| # of Parking Spaces | 5 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Flooring | Ceramic Tile, Tile |
|---|---|
| Heating | Electric |
| Cooling | Electric, Other |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Roof | Flat, Tile |
|---|---|
| Construction | Brick, Block |
| Lot Features | < 1/4 Acre |
| Sewer | Public Sewer |
Additional Information
| Date Listed | April 16th, 2024 |
|---|---|
| Days on Market | 30 |
| Zoning Description | RC-15 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Rent Includes | Electricity,PestControl,TrashCollection |
| Year Built Details | Resale |
| Tax Annual Amount | $38,615 |
| Tax Year | 2023 |
| Buyer Agent Compensation | 2,5% |
Unit 1 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $2,700 |
| Features | Parking:Space, Air Conditioning Unit |
| Furnished | Furnished |
| Leased | Yes |
Unit 2 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $2,400 |
| Features | Parking:Space |
| Furnished | Furnished |
| Leased | Yes |
Unit 3 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $2,300 |
| Features | Parking:Space |
| Furnished | Furnished |
| Leased | Yes |
Unit 4 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $4,100 |
| Features | Parking:Space |
| Furnished | Furnished |
| Leased | Yes |
Listing Details
| Office | Vera Realty LLC |
|---|