312 Northeast 16th Terrace

Fort Lauderdale, FL 33301

$3,299,000
Price
Beds
4,325 Sq. Ft.
$763 / Sq. Ft.
4,325
Sq. Ft.
$763
per Sq. Ft.

Description

Rare opportunity in coveted Victoria Park! Prime multi-family property boasting 5 legal units in Fort Lauderdale’s most desirable locale. Steps from Las Olas and downtown, with the beach just 10 minutes away. This unique corner lot spans 10,000 sqft, presenting endless potential for savvy investors. Explore the possibility of developing 3 to 4 townhomes, capitalizing on the rapidly expanding new development scene. The fifth unit, a 2-bed, 1-bath gem, currently generates $3,400/month in rental income....Rare opportunity in coveted Victoria Park! Prime multi-family property boasting 5 legal units in Fort Lauderdale’s most desirable locale. Steps from Las Olas and downtown, with the beach just 10 minutes away. This unique corner lot spans 10,000 sqft, presenting endless potential for savvy investors. Explore the possibility of developing 3 to 4 townhomes, capitalizing on the rapidly expanding new development scene. The fifth unit, a 2-bed, 1-bath gem, currently generates $3,400/month in rental income. Don’t miss your chance to secure a lucrative investment in this thriving community!
  1. Listed by Valeriia Afanasieva • Vera Realty LLC

Property Details for 312 Northeast 16th Terrace

Subdivision
VICTORIA PARK CORR AMEN P
Style
Fourplex
Waterfront
No
Area
3240
Geographic Area
Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
Auction
No
Num Stories
2
Sq Ft Total
4325

Location

Listing Courtesy of Vera Realty LLC
Add your commute
LISTING UPDATED: 04/16/2024 07:00 PM

Property Details for 312 Northeast 16th Terrace

StatusActive
MLS #A11570666
Days on Market34
Taxes$38,615 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family Income / Fourplex
Year Built1958
Lot Size-
CountyBroward County

Building

Victoria Park Corr Amd

2 StoriesBuilt in 1958

Location

Listing Courtesy of Vera Realty LLC
Add your commute

Building Information for 312 Northeast 16th Terrace

Stories2Residences-Year Built1958Building Size-Lot Size-

Payment Calculator

$21,222 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,004

Property Taxes

$3,218

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 312 Northeast 16th Terrace

Location Information
Location Information
  • Parcel Number Free Text: 504202150780
  • Parcel Number MLX: 0780
  • MLS Area: 3240
  • Township Range: 50
  • Subdivision Number: 15
  • Subdivision Complex Bldg: VICTORIA PARK CORR AMEN P
  • Unit Count: 4
  • Zoning Information: RC-15
General Information
Parking
  • Num Parking Spaces: 5
General Information
  • Property Type Information: Detached
  • Approximate Lot Size: 10000
  • Lot Description: Less Than 1/4 Acre Lot
  • Pool: No
  • Construction: Concrete Block Construction, Concrete Block With Brick, CBS Construction
  • Construction Type: Concrete Block Construction, Concrete Block With Brick, CBS Construction
  • Roof Description: Flat Tile Roof
  • Flooring: Ceramic Floor, Tile Floors
  • Floor Description: Ceramic Floor, Tile Floors
Additional Property Information
Utilities
  • Heating Description: Electric Heat
  • Cooling Description: Electric Cooling, Other
  • Sewer Description: Municipal Sewer
  • Separate Meter: Yes
  • Cable Available: Yes
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: Electric, Pest Control, Trash Removal
Financial Information
Financial Information
  • Total Mortgage: $1,668,750
  • Type of Association: None
  • Flood Zone: AH,X
  • Tax Year: 2023
  • Tax Information: Tax Reflects No Exemptions
  • Information Available: Copy Of Lease(S)

Property History for 312 Northeast 16th Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 312 Northeast 16th Terrace

Taxable ValueLand$292,280Additions$1,625,390Total$1,917,670
Tax Record2023$38,615 ($3,218 / month)
Home Facts
Total Finished SqFt4,325 SqFtAbove Grade Finished SqFt4,325 SqFtStories2Lot Size11,691 SqFtStyleMulti-Family Dwelling (2-4)Year Built1958Year Renovated1959ZoningRC-15CountyBROWARDAPN50-42-02-15-0780

Schools near 312 Northeast 16th Terrace

This home is within Broward.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Harbordale Elementary School
PublicPK to 5

Sunrise Middle School
Public6 to 8

Fort Lauderdale High School
Public9 to 12

Virginia Shuman Young Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

312 Northeast 16th Terrace is a multi-family home for sale in Fort Lauderdale, FL 33301. This property was listed for sale on April 16, 2024 by Vera Realty LLC, it's currently listed at $3,299,000. It has been on the market for a total of 34 days and was last sold on July 6, 2022. This listing's school district is Broward. Nearby schools include Harbordale Elementary School, Sunrise Middle School and Fort Lauderdale High School. 312 Northeast 16th Terrace is a 0-bed, 0-bath, 4,325 sqft multi-family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Vera Realty LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.