1025-1027 NE 16 Terrace, Fort Lauderdale, FL 33304 | MLS# R11132122 | The Russo Group

Fort Lauderdale, FL 33304 1025-1027 NE 16 Terrace

Sold: Apr 14, 2026
1025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 11025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 21025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 3
21 more
1025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 41025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 51025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 61025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 71025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 81025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 91025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 101025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 111025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 121025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 131025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 141025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 151025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 161025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 171025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 181025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 191025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 201025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 211025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 221025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 231025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 241025-1027 NE 16 Terrace Fort Lauderdale, FL - Image 25
Presented By: CENTURY 21 Tenace Realty
  • MLS# R11132122
  • 10/14/2025
  • Get pre-approved
  • Request Tour
  • Request Info
  • Baths • 4
  • SQFT • 4,223

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®
Price $750,000
MLS#R11132122
List Date 10/14/2025
Property Type Income
Phone 561.371.0933
Get pre-approved
Request Tour
Request Info
Visit My Website

Similar Properties to 1025-1027 NE 16 Terrace