1241 Northeast 16th Terrace

Fort Lauderdale, FL 33304

$2,000,000
Price
Beds
4,188 Sq. Ft.
$478 / Sq. Ft.
4,188
Sq. Ft.
$478
per Sq. Ft.

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.
  1. Listed by Jaime Sturgis • Native Realty Co.

Amenities

  • Laundry
LISTING UPDATED: 11/19/2024 01:26 PM

Property Details for 1241 Northeast 16th Terrace

StatusActive
MLS #F10472248
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi-Family
Year Built1969
Lot Size0.26 AC / 11,480 SF
CountyBroward 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

General Information
General Information
  • Sq Ft Total: 4188
  • Street Number Numeric: 1241
  • Street Number: 1241
  • Street Direction Prefix: NE
  • Street Name: 16th Ter
  • County Or Parish: Broward County
  • Postal Code: 33304
  • City and Location Text: Fort Lauderdale
  • City Postal ID: 33304
  • Price Per Square Foot: $0
Maintenance / Tax Information
  • Tax Year: 2024
Building Information
  • Property Sq Ft: 11480
  • Property Type: Commercial/Industrial
  • Type of Property: Income/Multi-Family
  • Year Built Numeric: 1969
  • MLS Area: 3380
Virtual Tour / Features / Utilities
Property / Lot Information
Building Information
  • Unit Count: 2
  • Zoning Information: RC-15
Community Information
  • Subdivision Number Numeric: 2
  • Property Management: No
Location Information
  • Area: 3380
  • Geographic Area: Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
  • Parcel Number Free Text: 494234028930
  • Section: 34
  • State: FL
Lot Information
  • Approximate Lot Size: 11480
  • Lot Square Footage: 11480.0
  • Total Acreage: 0

Property History for 1241 Northeast 16th Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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1241 Northeast 16th Terrace is a multi-family home for sale in Fort Lauderdale, FL 33304. This property was listed for sale on November 18, 2024 by Native Realty Co., it's currently listed at $2,000,000. This listing's school district is Broward. Nearby schools include Bennett Elementary School, Sunrise Middle School and Fort Lauderdale High School. 1241 Northeast 16th Terrace is a 0-bed, 0-bath, 4,188 sqft multi-family home built in 1969.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Native Realty Co.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.