1025-1027 NE 16 Terrace

Listing Snapshot

Price

$750,000

Days on Site

95 Days

Bedrooms

0

Total Baths

4

Living Area

4,223 sqft

Total Sq Ft

6,753 sqft

Lot Size

0.16 Acres

Year Built

1960

Property Type

Multi-Family

MLS #

R11132122

Property Tax

$15,157 (2024)

Subdivision

Progresso

County

Broward

Status

Sold

About This Property

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.

General Features

Property Type

Multi-Family

Status

Sold

Year Built

1960

Property Condition

Resale

Levels

Two

Lot Size (Acres)

0.16

Living Sq Ft

4,223

Total Sq Ft

6,753

Structure Type

Quadruplex

Sewer

Public Sewer

Water Source

Public

Zoning

RMM-25

Interior Features

Cooling

Ceiling Fans / Wall Window Units

Heating

Other

Flooring

Tile

Exterior Features

Construction

Frame

Roof

Other

Exterior Features

Outdoor Living Area

Patio & Porch

Covered / Deck / Patio

Lot Features

Less Than Quarter Acre

Waterfront Features

None

Community & HOA

Association Amenities

None

Utilities

Cable Available / Sewer Available / Water Available

Financing Terms

Cash / Other

Restrictions

No Restrictions

MLS Area

3380