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 Reqs: 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
- Address 1020 NE 16th Ter
- City Fort Lauderdale
- County Broward
- Zip 33304
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Price
$760,000
($688 / SqFt) - Status Active
- Subdivision Progresso
- Pets Allowed No
- MLS® # A11733031
- Property Type Residential Income
- Property Sub TypeDuplex
- Status Active
- Square Feet 1,104
- Year Built 1952
- Waterfront No
- Maintenance Fees No Info Provided
- Taxes $7,278
- Tax Year 2024

Fort Lauderdale, FL 33304
Fort Lauderdale, FL 33304
Fort Lauderdale, FL 33304

Fort Lauderdale, FL 33304

Fort Lauderdale, FL 33304

Fort Lauderdale, FL 33304