Active
1241 NE 16th Ter
Fort Lauderdale FL, 33304
$2,000,000
$477.55 per sqft
Active
4,188 sqft
Commercial
Built in 1969
This remarkable multifamily property offers a blend of impeccable location and income-generating potential in the center of Fort Lauderdale. It offers 7 conforming units with an additional non-conforming unit. The versatile layout includes 3 studio apartments, 3 1-bedroom/1-bath units, and a spacious 3-bedroom/2-bath residence, accommodating everyone seeking ample living space.
This fully-leased multifamily asset stands as a premier income-generating opportunity, anchored by a solid base of long-term, quality tenants. Beyond stable rental income, the property also benefits from an additional passive revenue stream through its on-site, coin-operated laundry facility, offering investors a consistent boost to overall cash flow.
F10472248
MLSⓇ ID
November 18, 2024
Listed
November 22, 2024
Updated
Map
1241 NE 16th Ter
Fort Lauderdale FL, 33304
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.26 Acres
Other Property Details
Area Name
3380
Days on Market
1
Garage
No
View
No
County
Broward
Pool
No
Listed by: Native Realty Co.
Listing Contact:
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Data last updated 7:03 PM UTC, 11/22/2024