Fort Lauderdale, FL 33304 1025-1027 NE 16 Terrace
$750,000
Sold: Apr 14, 2026



21 more






















Presented By: CENTURY 21 Tenace Realty
Home Details
Don't miss this great investment opportunity in Lake Ridge! This Quadplex needs work to become an updated property. It is currently rented & offers strong income potential. Or, if preferred, it can be quickly readied for tear down. It's in a prime walkable location near downtown, beaches, shopping, and dining. The lot includes two buildings: a one-story with two 1/1s, and a two-story with two 2/1s, one of which has 25 feet ceilings. Each unit features a private yard or patio. Each building has separate water meters, and each unit has its own electric meter. Please do not disturb tenants or walk the property without an appointment.
Presented By: CENTURY 21 Tenace Realty
Interior Features for 1025-1027 NE 16 Terrace
Bathrooms
Total Baths4
Other Interior Features
Air Conditioning Y/NYes
FlooringTile
Heating Y/NYes
General for 1025-1027 NE 16 Terrace
Association AmenitiesNone
Buyer FinancingPrivate
CityFort Lauderdale
Construction MaterialsFrame
ContingencyFinancing
CoolingCeiling Fan(s), Wall/Window Unit(s)
CountyBroward
Directions95 to Sunrise Blvd. East to NE 15t Ave. make a left at NE 11th St. make a right and make another right onto NE 16th Terrace.
Electric3 Phase
Gross Income96000
HeatingOther
Legal DescriptionPROGRESSO 2-18 D LOT 6 BLK 170
LevelsTwo
MLS Area3380
Net Operating Income76000
New ConstructionNo
Number Of Units Total4
Patio/Porch FeaturesCovered, Deck, Patio
PossessionNegotiable
PostalCityFort Lauderdale
Property ConditionResale
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
RoofOther
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusClosed
StatusClosed
Stories Count2
Subdivision NameProgresso
Tax Annual Amount15157
Tax Year2024
Tenant PaysElectricity
UtilitiesCable Available, Sewer Available, Water Available
Virtual TourClick here
Waterfront FeaturesNone
Year Built1960
Exterior for 1025-1027 NE 16 Terrace
Building Area Total6753
Exterior AmenitiesOutdoor Living Area
Lot Features< 1/4 Acre
Lot Size Acres0.16
Lot Size Area6753
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Andrew Russo
MBA, Realtor®
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