1122 NE 16th St - Residential Income FOR SALE


Fort Lauderdale, FL 33304- Middle River Terrace
$749,999 USD
843-421-9938
1122 NE 16th St, Fort Lauderdale, FL for Sale
$749,999 USD
Residential Income - FOR SALE
1/2
null | Request Cap Rate

NEW


1122 NE 16th St
Fort Lauderdale, FL 33304
Middle River Terrace


HIGHLIGHTS

  • Close to Wilton Manors, Las Olas and the Beach

OVERVIEW

Motivate Sellers - Close proximity to Wilton Manors, Las Olas and Fort Lauderdale Beach - Centrally located, with new construction single & multi-family around the subject property. Zoning RM 15 - 11,006 Sq Ft Lot size allows for 3.75 multi-family townhomes to be developed on site up to 35-feet high. Frontage is 100 feet, developer per RM-15 Ft. Lauderdale City Code can split the lot to provide each lot with required 50 feet of frontage for two-single family developments. Properties directly across the street from the subject property have split their lot of the same size and built two single family homes (One currently under construction, the other sold for $990,000 on 4/2/24) The property next door, also new construction sold for $895,000 in 06/15/2024 on 5,503 Sq Ft Lot.

FOR SALE DETAILS

PRICE

$749,999 USD

PRICE/SF

$338 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,007 SF

ZONING

RM-15

APN/PARCEL ID

49-42-35-04-1310

ASK ABOUT THIS PROPERTY

843-421-9938

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843-421-9938

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