1020 Ne 16th Ter, Fort Lauderdale, FL

$579,000

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1,104

Square feet

About 1020 Ne 16th Ter

Redevelopment opportunity in the heart of Fort Lauderdale’s Lake Ridge neighborhood. This duplex sits on a 6,750 sq ft lot and is zoned RMM-25, allowing up to 25 units per acre with a maximum building height of 55 feet. Current use is a 2-unit duplex (2/1 + 1/1), providing immediate rental income while planning future development. Ideal for developers and investors, this site can support three townhomes or explore potential density bonuses with affordable/workforce housing programs. Located just minutes from Las Olas, Downtown, and the beach, Lake Ridge continues to attract new construction townhomes and multifamily projects. *Buyer to verify all zoning and density requirements with the municipality

Features of 1020 Ne 16th Ter

MLS® # A11874270
Price $579,000
Bathrooms 0.00
Square Footage 1,104
Acres 0.00
Year Built 1951
Type Residential Income
Sub-Type Duplex
Status Active

Community Information

Address 1020 Ne 16th Ter
Area 3380
Subdivision Lake Ridge Progresso
City Fort Lauderdale
County Broward
State FL
Zip Code 33304-2331
HOPA No Hopa

Amenities

Utilities Cable Available
Is Waterfront No
Has Pool No

Interior

Interior Terrazzo
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
# of Stories 1
Stories One

Exterior

Roof Flat, Shingle, Tile
Construction Brick, Block, Stucco

Listing Details

OfficeKeller Williams Realty Service

Listing Map

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