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1241 NE 16th Ter
Fort Lauderdale, FL 33304
$2,000,000
Active
11+
$2,000,000
Active
Bedrooms
Bathrooms
N/A
Half Baths
 
Size Sq. Ft.
DOM
1241 NE 16th Ter Fort Lauderdale, FL 33304
Beds, Baths, Income/Multi-Family Sq.Ft.

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.

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Listing Summary
  • Address 1241 NE 16th Ter
  • City Fort Lauderdale
  • County Broward County
  • Zip 33304
  • Price $2,000,000
  • Status Active
  • Subdivision
  • Pets Allowed No
  • MLS® # F10472248
  • Property Type Commercial/Industrial
  • Property Sub TypeIncome/Multi-Family
  • Status Active
  • Square Feet
  • Year Built 1969
  • Waterfront No
  • Maintenance Fees No Info Provided
  • Taxes
  • Tax Year 2024
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1241 NE 16th Ter
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The data relating to real estate for sale on this web site comes in part from the participating Associations of the Miami Multiple Listing Service. The MLS data provided for the property above (F10472248) is provided courtesy of (Native Realty Co.). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Data last updated on 04-09-2025. IDX powered by Realty Net Media
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