Multifamily in Fort Lauderdale, FL 33304Lake Ridge, 1020 NE 16th Ter
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OFF MARKET
1,104
SqFtStatus
OFF MARKETExpired
Size
1,104 SqFt (103 m2)
Price
$688/SqFt ($7,410/m2)
Type
Multifamily
Built
1952
MLS Number
A11733031
On Site
591 Days
Updated
527 Days ago
Page Views
0
Excellent opportunity for builders or investors looking to undertake a development in a sought-after urban development. Property is zooned for duplex, or multi family structure (3 units) up to 5 story high (55 feet high)
Lot is 6,762sf (0.16 AC) Prime location with excellent visibility and accessibility, Strong demand for housing space in the area. Note: some of the photos depict renderings.
Multifamily Req's:
Lot Size Min: 5,000sf
Height Max: 55ft
Lot Width Min: 50ft
Front set Back: 25ft
Side Set-back: 10ft
Rear Set-back 20ft
Land Density: 3.8 units rounded down - 3 units max
duplex #1 is 1bdr 1 bath
* similar structure generates $2k a month
duplex#2 is 2br 1 bath
* similar structure generates $2.5K a month
water meter is shared, 2 meters for electricity, roof 2010
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Central
- Cooling Description: CentralAir
Building and Construction
- Floor Description: Tile
- Year Built: 1952
- Year Built Description: Resale
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2025-01-28T09:40:02.000-00:00
Taxes, Fees & More
- Taxes: 7278
Apples-to-Apples Comparables
Price History
Current
$760K
High
$800K
Low
$760K
Total Change
-5%Date
Event
Price
Change
Price Per
03/17/2025
Price Reduced
$760K
-2.56%$688 ft2
$7,410 m2
02/28/2025
Price Reduced
$780K
-2.5%$707 ft2
$7,605 m2
01/27/2025
Listed
$800K
 $725 ft2
$7,800 m2
03/17/2025
$760K
Event
Price Reduced
Change
-2.56%Price Per
$688 ft2
$7,410 m2
02/28/2025
$780K
Event
Price Reduced
Change
-2.5%Price Per
$707 ft2
$7,605 m2
01/27/2025
$800K
Event
Listed
Price Per
$725 ft2
$7,800 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Marina Bartashnik • Douglas Elliman • Buyer Agency Compensation .
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Scores
81
100
38
100
57
100
77
100
0
100
29
100
1
100
Community Snapshot
1 – 4 BR
Bedrooms
$145K – $1.6M
Price Tier
540 - 10,650
SqFt Range
2004
Year Build
2
Total Floors
Subdivision Amenities
None
Pool
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