105 NE 16th Ter - Apartments FOR SALE


Fort Lauderdale, FL 33301- Victoria Park
$3,400,000 USD
561-305-6161
105 NE 16th Ter, Fort Lauderdale, FL for Sale
$3,400,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

105 NE 16th Ter
Fort Lauderdale, FL 33301
Victoria Park


HIGHLIGHTS

  • Prime Victoria Park Location — One of Fort Lauderdale’s most desirable residential neighborhoods with strong renter demand and high barriers to entry.
  • Highly Stable Market — Victoria Park continues to see rising property values, new construction, and limited inventory for quality multifamily offering
  • Redevelopment Potential — Ideal site for a boutique luxury multifamily, townhome community, or high-end redevelopment project (buyer to verify zoning)
  • Walkable Lifestyle — Minutes to Las Olas Blvd., Holiday Park, Flagler Village, downtown Fort Lauderdale, beach, Brightline Station, and FTL Airport.
  • Value-Add Opportunity — Ability to increase rents through interior upgrades, exterior enhancements, or amenity improvements.
  • Strong Surrounding Demographics — High-income resident base and continuous demand from professionals, young families, and seasonal residents.

OVERVIEW

Discover an exceptional multifamily investment opportunity in the heart of Victoria Park, one of Fort Lauderdale’s most sought-after and rapidly growing neighborhoods. Located at 105 NE 16th Terrace, this well-maintained 14-unit apartment building offers both stable in-place income and significant long-term upside through value-add renovations or a complete redevelopment play. Positioned just minutes from Las Olas Boulevard, Flagler Village, and Fort Lauderdale’s world-class beaches, this property benefits from strong tenant demand, walkability, and proximity to dining, entertainment, and major employment hubs. This highly desirable location and site is ideally suited for a boutique townhome community, luxury multifamily development, or elevated repositioning strategy. Whether you’re seeking stable cash flow, a premium location for redevelopment, or a long-term hold in a blue-chip neighborhood, this property presents an unparalleled opportunity in one of Fort Lauderdale’s most prestigious submarkets. ***SELLER FINANCING AVAILABLE: ASSUMABLE: 35% down, 5% interest rate (Amortized over 30-years) with a 8-year balloon due Jan 2034 Can be bought individually or part of a portfolio with 811 SE 16th St, Fort Lauderdale - 22 units - located approximately 2 miles to the south in the Harbordale neighborhood.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$440 USD /SF

# OF UNITS

14

PRICE/UNIT

$242,857

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

RC-15, Ft Lauderdale

APN/PARCEL ID

50-42-02-15-0770

ASK ABOUT THIS PROPERTY

Stephen MolinariKW CommercialMore Info
561-305-6161

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Stephen MolinariKW CommercialMore Info
561-305-6161

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.