Property Description

Positioned in one of Fort Lauderdale’s fastest-growing neighborhoods, 1301-1305 NE 16th Terrace presents an outstanding opportunity to acquire a well-located 9-unit multifamily property surrounded by significant new development and ongoing neighborhood revitalization. The property offers a desirable unit mix consisting of: 1- 2BD 1BA, 1- 2BD BA, 7- 1BD 1BA residences. Its prime location places residents just minutes from Fort Lauderdale Beach, Downtown Fort Lauderdale, Las Olas Boulevard, and Wilton Manors, while providing quick access to I-95, US-1, shopping, dining, entertainment, and major employment centers. This highly connected location continues to attract strong rental demand from professionals, seasonal residents, and those seeking the South Florida lifestyle. The surrounding area is experiencing substantial investment, with numerous luxury residential and mixed-use developments transforming the neighborhood and supporting long-term appreciation potential. Investors will benefit from owning an income-producing asset in a market where continued redevelopment and limited housing supply continue to drive demand. Whether you’re looking to expand your multifamily portfolio, execute a value-add strategy, or secure a long-term hold in one of South Florida’s most dynamic growth corridors, 1301-1305 NE 16th Terrace offers an exceptional combination of location, unit mix, and future upside. Don’t miss the opportunity to invest in a property positioned at the center of Fort Lauderdale’s continued growth and redevelopment.

Features
Heating System
Cooling System
Parking Features
Roof:
Shingle, Composition
Sewer
Address Map
State:
FL
County:
Broward
City:
Fort Lauderdale
Zipcode:
33304
Street:
1301 Ne 16th Terrace 1-9, Fort Lauderdale, Florida
Longitude:
W81° 51' 23.8''
Latitude:
N26° 7' 20.3''
MLS Addon
Building Area:
2,806 Sqft
Business Type
Construction Materials:
Block
Cumulative DOM:
54
DOM:
54
Electric
Exterior Features
Flooring:
Tile
Internet Address Display:
1
Internet Listing Display:
1
Lot Features
Parcel Number:
494234028110
Stories Total:
1
Tax Annual Amount:
$36,775
Utilities
Virtual Tour:
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Commercial Sale For Sale

1301 Ne 16th Terrace 1-9, Fort Lauderdale, Florida, Fort Lauderdale, Florida 33304

11,473 Sqft
$2,400,000
MLS # #B26052973
Basic Details
Property Type :
Commercial Sale
Listing Type :
For Sale
Price :
$2,400,000
Year Built :
1949
Lot Area :
11,473 Sqft
MLS # :
B26052973
Agent info
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