312 NE 16th Terrace - Main Home Team

Description:

  • 4,325 Sq. Ft.
  • 66
  • Quadruplex
  • 2

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!

Disclaimer:

Source: Southeast Florida + Beaches MLS (SEF) (BeachesMLS) Listing.
Offered By: Donald Ray Karney Listing attribution displayed in accordance with NAR policies.

Property Details: