1301 NE 16th Ter - Apartments FOR SALE


Fort Lauderdale, FL 33304- Poinsettia Heights
$2,600,000 USD
561-702-2015
1301 NE 16th Ter, Fort Lauderdale, FL for Sale
$2,600,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

1301 NE 16th Ter
Fort Lauderdale, FL 33304
Poinsettia Heights


HIGHLIGHTS

  • 9 assigned parking spaces
  • Immediate upside through lease-up of vacant units
  • 9-unit multifamily asset in a high-growth Fort Lauderdale-area submarket
  • New HVAC (multiple units), fence, and irrigation system installed 2025
  • Individually metered electric on all 9 units, reducing owner utility burden
  • Recently renovated — 8 of 9 units fully remodeled in 2024

OVERVIEW

9-Unit Multifamily Investment Opportunity Located in one of Fort Lauderdale's fastest-growing neighborhoods, this 9-unit multifamily property offers a strong unit mix of one 2BD/1BA, one 2BD/2BA, and seven 1BD/1BA residences across two buildings, with recent capital improvements and immediate upside through vacant unit lease-up. The property is just minutes from Fort Lauderdale Beach, Downtown Fort Lauderdale, Las Olas Boulevard, and Wilton Manors, with quick access to I-95 and US-1, positioning it to capture strong rental demand amid ongoing neighborhood redevelopment. Recent upgrades include a new fence, irrigation system, and HVAC for multiple units in 2025, along with a full remodel of eight of the nine units and newly paved patios in 2024. Each unit is individually metered for electric, with a separate house meter and one master water meter servicing the property, and nine assigned parking spaces are available for residents. Three of the units are offered furnished. This is a well-maintained, turnkey opportunity for an investor seeking a stabilized multifamily asset with room to grow income through lease-up of available units in a high-demand South Florida submarket.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$467 USD /SF

# OF UNITS

9

PRICE/UNIT

$288,889

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,474 SF

ZONING

CF, Fort Lauderdale

APN/PARCEL ID

49-42-34-02-8110

ASK ABOUT THIS PROPERTY

Zachariah StatlanderONE Commercial Real EstateMore Info
561-702-2015

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Zachariah StatlanderONE Commercial Real EstateMore Info
561-702-2015

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