Price Reduced 5.00%
Price History
$799,999
1/28/2025
$780,000
2/28/2025
$760,000
3/17/2025
1020 NE 16th Ter, Fort Lauderdale, FL, 33304
1952
1,104 sqft
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
Status:
Active
Type:
Multi-family
Zoning:
RMM-25
Subdivision:
PROGRESSO
Heating:
Central
Cooling:
Central Air
Parking:
8-car
Est. Taxes:
$7,278
Construction
Block
Utilities
Cable Not Available
Days on Market:
63
Pool:
None
MLS #:
A11733031
Community Info
School Info
Walk Score
Yelp
Similar Properties
New or Coming Soon Properties
Listing courtesy of DOUGLAS ELLIMAN Phone: 561-245-2635