1025-1027 NE 16 TER, Fort Lauderdale, FL 33304
1025-1027 NE 16 TER, Fort Lauderdale, FL 33304
1025-1027 NE 16 TER, Fort Lauderdale, FL 33304
1025-1027 NE 16 TER, Fort Lauderdale, FL 33304
1025-1027 NE 16 TER, Fort Lauderdale, FL 33304
1025-1027 NE 16 TER, Fort Lauderdale, FL 33304
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$585,000

$750,000

22.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

4 Baths

4,223 SqFt


SOLD DATE : 04/14/2026

Key Details

Sold Price $585,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 4,223 sqft

Price per Sqft $138

Subdivision Progresso

MLS Listing ID R11132122

Sold Date 04/14/26

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 4223

Year Built 1960

Annual Tax Amount $15,157

Tax Year 2024

Contingent Financing

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Quadruplex

Property Description

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.

Location

State FL

County Broward

Area 3380

Zoning RMM-25

Interior

Interior Features InteriorFeatures

Heating Other

Cooling Ceiling Fan(s), Wall/Window Unit(s)

Flooring Tile

Fireplace No

Exterior

Exterior Feature Outdoor Living Area

Utilities Available Cable Available, Sewer Available, Water Available

Amenities Available None

Waterfront Description None

Water Access Desc Public

Roof Type Other

Porch Covered, Deck, Patio

Private Pool No

Building

Lot Description < 1/4 Acre

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Frame

New Construction No

Construction Status Resale

Others

Senior Community No

Restrictions No Restrictions

Tax ID 494234045650

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Private

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BeachesMLS, Inc. (FLR) IDX
Listed by Debra J Temkin CENTURY 21 Tenace Realty
Bought with  David Dayan MLS Brokers LLC

NEARBY SCHOOLS & BUSINESSES

Scott Morreau

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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