Fort Lauderdale, FL 33304 1025-1027 NE 16 Terrace
$750,000
24 more
Presented By: CENTURY 21 Tenace Realty
- MLS# RX11132122
- 10/14/2025
Disclaimer: The information contained in this listing has not been verified by LoKation® Real Estate and should be verified by the buyer.
Beds • 5
Baths • 4
SQFT • 4,223
Home Details
Don't miss this great investment opportunity in Lake Ridge! This Quadplex needs work to become an updated property. It is currently rented & offers strong income potential. Or, if preferred, it can be quickly readied for tear down. It's in a prime walkable location near downtown, beaches, shopping, and dining. The lot includes two buildings: a one-story with two 1/1s, and a two-story with two 2/1s, one of which has 25 feet ceilings. Each unit features a private yard or patio. Each building has separate water meters, and each unit has its own electric meter. Please do not disturb tenants or walk the property without an appointment.
Presented By: CENTURY 21 Tenace Realty
Interior Features for 1025-1027 NE 16 Terrace
Other Interior Features
Total # of Units4
Unit 1 DescA/C Unit, Dishwasher, Dryer, Range - Electric, Refrigerator, Washer
Unit 2 DescA/C Unit, Dryer, Range - Electric, Refrigerator, Washer
Unit 3 DescA/C Unit, Cathed/Vault Ceiling, Dishwasher, Range - Electric, Refrigerator, Washer
Unit 4 DescA/C Unit
FlooringTile
SqFt - Living4223.00
General for 1025-1027 NE 16 Terrace
Adult 55+No Hopa
Area3380
AuctionNo
Carport Spaces0.00
ConstructionFrame
CoolingCeiling Fan, Wall-Win A/C
Gated CommunityNo
Geo AreaFTNE
Geo Lat26.138288
Geo Lon-80.127066
HOANone
HOA/POA/COA (Monthly)0.00
HeatingOther
Legal DescriptionPROGRESSO 2-18 D LOT 6 BLK 170
PossessionFunding
Property TypeB
REONo
RestrictNone
RoofOther
Short SaleNo
Source of ExpensesOwner
StatusActive
Stories Count2.0
SubdivisionProgresso
Tax Year2024
Taxes$15,157
Tenant PaysElectric
Terms ConsideredCash, Other
TypeQuad Plex
UtilitiesCable, Electric, Public Sewer, Public Water
Virtual TourClick here
Year Built1960
ZoningRMM-25
Exterior for 1025-1027 NE 16 Terrace
Exterior AmenitiesCovered Patio, Deck, Open Patio
Lot Description< 1/4 Acre
Private Pool Y/NNo
Subdiv AmenitiesNone
Unit 1 ParkingSpace Parking
Unit 2 ParkingSpace Parking
Unit 3 ParkingSpace Parking
Unit 4 ParkingSpace Parking
WaterfrontNo
WaterfrontNone
Additional Details
Price History
