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1117 NE 16th Ter Fort Lauderdale, FL $ 799,999
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$ 799,999 Get more info
1117 NE 16th Ter
$ 799,999
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1117 NE 16th Ter

Fort Lauderdale, FL, 33304
$ 799,999
Baths0.0 Sq 1,456

Monthly Estimate*

$ 5,588

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Studio

Multi-Family Home for sale in Fort Lauderdale, FL

for $799,999. This 1,456 square foot home was built in 1951.

PERFECT INCOME PROPERTY / CASH COW!! The home has two separate meters, A/C's, water tanks, and two separate entrances. NEW MODERN POOL and common space for grilling & entertaining! The new landlord can continue renting as a single-family home certified as an Airbnb vacation property or for a fair price, the Seller will re-install the wall separating the 2 spaces back to a large 2/1 & 1/1 with pavers to the rear entrance. The kitchen is completely updated with white shaker cabinets and SS appliances. Home has mostly impact windows & doors. Both areas have large bedrooms maxing out rental income potential. BEST location! est. 5 mins Uber to the ocean and downtown or walk to restaurants. Prime Street with new construction. Sold furnished. Move-in ready w/pre-bookings for future income.

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Multi-Family Contingent

Price

$ 799,999

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 10,629

Style

Duplex

Year Built

1951

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

A11475118
Features
General
Sewer PublicSewer
Heating Electric
Cooling CentralAir CeilingFans
Utilities CableAvailable
Possession ClosingFunding
Roof Flat Shingle Tile
Exterior Features Fence Patio
Patio/Porch Features Patio
Pool Features AboveGround Pool
Construction Materials Block
Year Built 1951
Stories 1
Levels One
Property SubType Duplex
Tax Year 2022
County Broward County
Net Operating Income 65000.0
Operating Expense 25500.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency 3rd Party Approval
Subdivision Name PROGRESSO
Garage Y/N N
Rent Includes Gardener Pool TrashCollection CableTV Water
Status ActiveUnderContract
City Fort Lauderdale
Buyer Agent Compensation 2.5%
View Y/N N
Senior Community Y/N N
Zoning Description RC-15
MLS Area 3380
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 16th Ter
Listing Terms Cash Conventional OwnerMayCarry
Property Attached Y/N N
Year Built Details Resale
Land Lease Y/N N
Tax Annual Amount 10629.0
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/A11475118
Days on Market 128
Standard Status ActiveUnderContract
Occupancy Description Vacant
Total Actual Rent 90000.0
Property Sub Type Additional Duplex
Legal Description PROGRESSO 2-18 D LOT 8 BLK 157
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Interior
Flooring Tile Vinyl
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Metal SingleHung Sliding ImpactGlass
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Exterior
Lot Features SprinklersAutomatic Item14Acre
Water Source Public
Total Parking 3.0
Spa N
Building Area Total 1710.0
Lot Size Units SquareFeet
Covered Spaces 0.0
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 1117
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* Excluded Features
List By
One Sotheby's Int'l Realty

Broker

jgranieri@onesothebysrealty.com

Email

Affordability Calculator

$6,474
Per Month
86%
14%
0%
Monthly Principal & Interest
$5,588
Monthly Property Taxes
$886
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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/7/2024$799,999 -2.44% Price Down
10/27/2023$820,000 Listed Price

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1117 NE 16th Ter, Fort Lauderdale, FL, 33304 is a Multi-Family Home for sale at $799,999 with 1,456 sqft. 1117 NE 16th Ter is a studio with 0.0 baths and was built in 1951. The property's zip code is 33304 which is in Fort Lauderdale, FL

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