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… Read More 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. Read Less
Courtesy of One Sotheby's International Realty 561-997-7227
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multi Family
Square Ft.
2,806
Lot Size
0.26 Acres
Year Built
1949
MLS Number
B26052973
30 Days Snapshot Of 33304
$995k
+24%
(avg) sold price
22
-33%
homes sold
169
-7%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road frontage type: "City Street"
Building
Built in 1949, Construction materials: "CBS", Toal building area: 2806, 9 total units
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