1301 NE 16TH Terrace 1-9
1-9, 1301, 16TH, Fort Lauderdale, FL, 33304Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Bathrooms: 0
- Floors: 1, 1
- Lot size: 11473, 11473 sq ft
- Year built: 1949
- County: Broward
- MLS ID: B26052973
Description
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Description:
PROGRESSO 2-18 D LOT 11,12 LESS S 15 BLK 90 Positioned in one of Fort Lauderdale's fastest-growing neighborhoods, 1301-1305 NE 16th Terrace presents an outstanding opportunity to acquire a well-located 9-unit multifamily property surrounded by significant new development and ongoing neighborhood revitalization. The property offers a desirable unit mix consisting of: 1- 2BD 1BA, 1- 2BD BA, 7- 1BD 1BA residences. Its prime location places residents just minutes from Fort Lauderdale Beach, Downtown Fort Lauderdale, Las Olas Boulevard, and Wilton Manors, while providing quick access to I-95, US-1, shopping, dining, entertainment, and major employment centers. This highly connected location continues to attract strong rental demand from professionals, seasonal residents, and those seeking the South Florida lifestyle. The surrounding area is experiencing substantial investment, with numerous luxury residential and mixed-use developments transforming the neighborhood and supporting long-term appreciation potential. Investors will benefit from owning an income-producing asset in a market where continued redevelopment and limited housing supply continue to drive demand. Whether you're looking to expand your multifamily portfolio, execute a value-add strategy, or secure a long-term hold in one of South Florida's most dynamic growth corridors, 1301-1305 NE 16th Terrace offers an exceptional combination of location, unit mix, and future upside. Don't miss the opportunity to invest in a property positioned at the center of Fort Lauderdale's continued growth and redevelopment.
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Location
- Lot Size Acres: 0.26 acres
Building Details
- Water Source: Public,Other
- Lot Features: LessThanOneAcre,QuarterToHalfAcreLot,SprinklersAutomatic
- Sewer: NotConnectedAtLot,PublicSewer,Other
- Construction Materials: Block
- Covered Spaces: 0
- Levels: One
- Number Of Buildings: 2
- Floor covering: Tile
Amenities & Features
- Parking Features: Assigned,OnStreet
- Security Features: FireAlarm,SmokeDetectors
- Parking Total: 9
- Roof: Composition,Shingle
- Utilities: CableAvailable,ElectricityAvailable,WaterAvailable,SewerAvailable
- Cooling: CentralAir,CeilingFans
- Electric: SeparateMeters
- Exterior Features: Fence
- Heating: Central
Expenses, Fees & Taxes
- Tax Annual Amount: $36,775
- Tax Year: 2025
Miscellaneous
- List Office Name: One Sotheby's International Realty
- Listing Terms: Cash,Conventional
Ask our real estate expert about this property
This Multifamily-type commercial real estate is located in 1-9, 1301, 16TH, Fort Lauderdale, FL, 33304 was built in 1949, and is listed at $2,600,000.