Fort Lauderdale, FL 33304,1241 NE 16th Ter
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Fort Lauderdale, FL 33304,1241 NE 16th Ter
Fort Lauderdale, FL 33304,1241 NE 16th Ter
Fort Lauderdale, FL 33304,1241 NE 16th Ter
Fort Lauderdale, FL 33304,1241 NE 16th Ter
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1241 NE 16th Ter Fort Lauderdale, FL 33304

0.26 Acres Lot


UPDATED:

11/19/2024 05:26 PM

Key Details

Property Type Multi-Family, Commercial

Sub Type Income/Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID F10472248

HOA Y/N No

Total Fin. Sqft 11480

Year Built 1969

Tax Year 2024

Lot Size 0.264 Acres

Property Description

This remarkable multifamily property offers a blend of impeccable location and income-generating potential in the center of Fort Lauderdale. It offers 7 conforming units with an additional non-conforming unit. The versatile layout includes 3 studio apartments, 3 1-bedroom/1-bath units, and a spacious 3-bedroom/2-bath residence, accommodating everyone seeking ample living space.
This fully-leased multifamily asset stands as a premier income-generating opportunity, anchored by a solid base of long-term, quality tenants. Beyond stable rental income, the property also benefits from an additional passive revenue stream through its on-site, coin-operated laundry facility, offering investors a consistent boost to overall cash flow.

Location

State FL

County Broward County

Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700)

Zoning RC-15

Exterior

Water Access N

Private Pool No

Others

Pets Allowed No


BeachesMLS Matrix (RAPB-F prefix)
Listed by Native Realty Co.

Daniel A. Hammer, Sr.

License Partner/Broker

+1(678) 575-6805

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1241 NE 16th Ter