1020 NE 16th Terrace
Fort Lauderdale, FL 33304

Property

Ownership: Land
Type: Land
Pets: Pets Case By Case
Area: 3240 sq ft

Financials

Price:$760,000
Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Listing Courtesy of Douglas Elliman

Description

Excellent opportunity for builders or investors looking to undertake a development in a sought-after urban development. Property is zooned for duplex or a multi-family structure ( 3 units) up to 5 story high ( 55 feet high) Lot is 6,762sf (0.16AC) Prime location with excellent visibility and accessibility. Strong demand for housing space in the area. Note: some of the photos depict renderings. Multifamily Ref's: Lot Size Min 5,000sfHeight Max: 55 ft Lot Width Min: 50ftFront Set Back: 25ftSide set back: 10ftRear Set-back: 20ftLand Density: 3.8 units rounded down 3 units Maxduplex #1 is 1bdr 1 bath* similar structure generates $2k a monthduplex#2 is 2br 1 bath* similar structure generates $2.5K a monthwater meter is shared, 2 meters for electricity, roof 2010

Unbranded Virtual Tour: https://www.propertypanorama.com/1020-NE-16th-Terrace-Fort-Lauderdale-FL-33304/unbranded

Neighborhood

More listings:

Excellent opportunity for builders or investors looking to undertake a development in a sought after urban development.


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.