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312 NE 16th Ter Fort Lauderdale, FL $ 3,299,000
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312 NE 16th Ter
$ 3,299,000
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312 NE 16th Ter

Fort Lauderdale, FL, 33301
$ 3,299,000
Baths0.0 Sq 4,325

Monthly Estimate*

$ 23,045

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Studio

Commercial Property for sale in Fort Lauderdale, FL

for $3,299,000. This 4,325 square foot building was built in 1958 on a lot size of 0.268388.

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!

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Commercial Active

Price

$ 3,299,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 38,615

Style

MultiFamily

Lot Size

0.268388

Year Built

1958

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

A11570702
Features
General
Sewer PublicSewer
Cooling WallWindowUnits
Possession ClosingFunding CloseOfEscrow
Roof Other
HOA 0.0
Security Features Fenced SmokeDetectors
Construction Materials AluminumSiding Block
Year Built 1958
Tenant Pays Water
Property SubType MultiFamily
Tax Year 2023
County Broward County
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
City Fort Lauderdale
Buyer Agent Compensation 2 5%
View Y/N N
Senior Community Y/N N
Zoning Description RC-15
MLS Area 3240
Lot Size Square Feet 11691.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 16th Ter
Listing Terms Cash Conventional Cryptocurrency
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 38615.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11570702
Days on Market 0
Structure Type Apartment MultiFamily
Standard Status Active
Occupancy Description Tenant
Property Sub Type Additional MultiFamily
Legal Description VICTORIA PARK CORR AMEN PLAT 10-66 B LOT 1 BLK 6
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Interior
Flooring CeramicTile Tile
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N N
Window Features ImpactGlass
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Exterior
Water Source Public
Lot Size Area 11691.0
Spa N
Building Area Total 4325.0
Lot Size Units SquareFeet
Covered Spaces 0.0
Number of Separate Electric Meters 5
Road Frontage Type CityStreet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 312
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* Excluded Features
List By
Vera Realty Llc

Broker

valeria25.12@icloud.com

Email

Affordability Calculator

$26,262
Per Month
88%
12%
0%
Monthly Principal & Interest
$23,045
Monthly Property Taxes
$3,218
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/16/2024$3,299,000 Listed Price

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312 NE 16th Ter, Fort Lauderdale, FL, 33301 is a Commercial Property for sale at $3,299,000 with 4,325 sqft and a lot size of 0.268388. 312 NE 16th Ter is a studio with 0.0 baths and was built in 1958. The property's zip code is 33301 which is in Fort Lauderdale, FL

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