Active

1241 NE 16th Ter

Fort Lauderdale FL, 33304

$2,000,000


$477.55 per sqft

Active

4,188 sqft

Commercial

Built in 1969

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.

F10472248

MLS ID

November 18, 2024

Listed

November 19, 2024

Updated

Map

1241 NE 16th Ter
Fort Lauderdale FL, 33304

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.26 Acres

Other Property Details

Area Name

3380


Days on Market

1


Garage

No


View

No


County

Broward


Pool

No

Listed by: Native Realty Co.
Listing Contact:  

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Data last updated 6:51 PM UTC, 11/19/2024

 

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