About 1025-1027 Ne 16 Terrace
Don't miss this great investment opportunity in Lake Ridge! This Quadplex needs work but offers strong income potential, or builders can develop up to 3 units on the lot, setbacks depend on building height. 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, all featuring private yards or patios. 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.
Features of 1025-1027 Ne 16 Terrace
| MLS® # | RX-11132122 |
|---|---|
| USD | $799,000 |
| CAD | $1,122,076 |
| CNY | 元5,693,994 |
| EUR | €687,595 |
| GBP | £598,407 |
| RUB | ₽62,920,451 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Total Square Footage | 6,753 |
| Living Square Footage | 4,223 |
| Square Footage | Tax Rolls |
| Acres | 0.16 |
| Year Built | 1960 |
| Type | Multi-Unit |
| Sub-Type | Quad Plex |
| Restrictions | None |
| Style | No |
| Status | New |
Community Information
| Address | 1025-1027 Ne 16 Terrace |
|---|---|
| Area | 3380 |
| Subdivision | Progresso |
| City | Fort Lauderdale |
| County | Broward |
| State | FL |
| Zip Code | 33304 |
Amenities
| Utilities | Cable, 3-Phase Electric, Public Sewer, Public Water |
|---|---|
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
| Subdivision Amenities | None |
Interior
| Heating | Other |
|---|---|
| Cooling | Ceiling Fan, Wall-Win A/C |
| # of Stories | 2 |
Exterior
| Exterior Features | Covered Patio, Deck, Open Patio |
|---|---|
| Lot Description | < 1/4 Acre |
| Roof | Other |
| Construction | Frame |
Additional Information
| Date Listed | October 14th, 2025 |
|---|---|
| Days on Market | 1 |
| Zoning | RMM-25 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Parcel ID | 494234045650 |
Listing Details
| Office | CENTURY 21 Tenace Realty |
|---|---|
| dtsells4u@gmail.com |