1241 Northeast 16th Terrace
$2,000,000
—
4,188
4,188
$478
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,...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.
- Listed by Jaime Sturgis • Native Realty Co.
Amenities
- Laundry
LISTING UPDATED: 11/19/2024 01:26 PM
Property Details for 1241 Northeast 16th Terrace
Status | Active |
---|---|
MLS # | F10472248 |
Days on Market | 8 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial/Industrial / Income/Multi-Family |
Year Built | 1969 |
Lot Size | 0.26 AC / 11,480 SF |
County | Broward County |
Building Information for 1241 Northeast 16th Terrace
Stories-Residences-Year Built1969Building Size-Lot Size0.26 AC / 11,480 SF
Property Information for 1241 Northeast 16th Terrace
Property History for 1241 Northeast 16th Terrace
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1241 Northeast 16th Terrace
Taxable ValueLand$91,840Additions$1,240,230Total$1,332,070
Tax Record2023$20,975 ($1,748 / month)
Home Facts
Total Finished SqFt4,188 SqFtAbove Grade Finished SqFt4,188 SqFtStories1Lot Size11,480 SqFtStyleTriplexYear Built1968Year Renovated1969ZoningRC-15CountyBROWARDAPN49-42-34-02-8930
Schools near 1241 Northeast 16th Terrace
This home is within Broward.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 5 |
Rating | School | Distance |
---|---|---|
Bennett Elementary School PublicPK to 5 | ||
Sunrise Middle School Public6 to 8 | ||
Fort Lauderdale High School Public9 to 12 | ||
Virginia Shuman Young Elementary School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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