South Florida Real Estate

1020 NE 16th Ter

Fort Lauderdale , FL 33304

MLS#: A11874270

$699,999

Status: Active
Listing number: A11874270
Listing provided by: Keller Williams Realty Service
Listing agent phone: None
Last update: a day ago
New on site 2 days ago
Browse Properties
Lake Ridge Progresso - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1951

Sq.Footage

1,104

Redevelopment opportunity in the heart of Fort Lauderdale’s Lake Ridge neighborhood. This duplex sits on a 6,750 sq ft lot and is zoned RMM-25, allowing up to 25 units per acre with a maximum building height of 55 feet. Current use is a 2-unit duplex (2/1 + 1/1), providing immediate rental income while planning future development. Ideal for developers and investors, this site can support three townhomes or explore potential density bonuses with affordable/workforce housing programs. Located just minutes from Las Olas, Downtown, and the beach, Lake Ridge continues to attract new construction townhomes and multifamily projects. *Buyer to verify all zoning and density requirements with the municipality

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Wall/Window Unit(s)

  • Heating YN

    YES

  • Heating

    Wall Furnace

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick, Block, Stucco

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

Price

  • Sales Price

    $699,999

  • Tax Amount

    7278.0

  • Zoning

    RMM-25

  • Sq. Footage

    1, 104

  • Price/SqFt

    $634

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Broward

Elementary School

Middle School

High School

Listing Courtesy of Caroline Sesi , Keller Williams Realty Service

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Agent JarrodGaylis

Realtor

JarrodGaylis

Call Jarrod today to schedule a private showing.

(817) 682-7464

jgaylis@perfectpropertiesfl.com


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Redevelopment opportunity in the heart of Fort Lauderdale’s Lake Ridge neighborhood. This duplex sits on a 6,750 sq ft lot and is zoned RMM-25, allowing up to 25 units per acre with a maximum building height of 55 feet. Current use is a 2-unit duplex (2/1 + 1/1), providing immediate rental income while planning future development. Ideal for developers and investors, this site can support three townhomes or explore potential density bonuses with affordable/workforce housing programs. Located just minutes from Las Olas, Downtown, and the beach, Lake Ridge continues to attract new construction townhomes and multifamily projects. *Buyer to verify all zoning and density requirements with the municipality

1020 NE 16th Ter

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