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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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105 NE 16th Terrace , Fort Lauderdale, FL 33301
$3,300,000
Est. Payment: $7,333.33/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 300
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FLL606001 - FLL276658174
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House Description

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. **Attractive Assumable Seller Financing Available 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. Can be sold individually or as part of a portfolio with 811 SE 16th St, Fort Lauderdale - which is located approximately 2 miles south in the Harbordale neighborhood.

Highlights

Listed by Stephen Molinari , 561-305-6161 Keller Williams Realty Service , 561-245-4000.

Property Type

Commercial Sale

Lot/Acreage
0.28

Year Built

1953

County

Broward

Area

3280

Listing ID

R11142640

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Floor:Tile

Exterior Features

Lot:<1 Acre,1/4 to 1/2 Acre Lot
Zoning:RC-15
Roof:Other
Parking Features:Assigned,Guest
Principal Interest
$7,333
Taxes
$4,721

Home Price

$3,300,000

Loan Details

30 yrs
%

Down Payment

20%
$660,000
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Monthly Price:
$7,333.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,333.33 $4,720.58 $0.00 $12,053.92
Yearly $88,000.00 $56,647.00 $0.00 $144,647.00
Total $2,640,000.00 $1,699,410.00 $0.00 $4,339,410.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Fort Lauderdale, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.