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Property Description

This remarkable multifamily property offers a blend of impeccable location and income-generating potential in the center of Fort Lauderdale. It offers 7 conforming units with an additional non-conforming unit. The versatile layout includes 3 studio apartments, 3 1-bedroom/1-bath units, and a spacious 3-bedroom/2-bath residence, accommodating everyone seeking ample living space.
This fully-leased multifamily asset stands as a premier income-generating opportunity, anchored by a solid base of long-term, quality tenants. Beyond stable rental income, the property also benefits from an additional passive revenue stream through its on-site, coin-operated laundry facility, offering investors a consistent boost to overall cash flow.

Address Map
US
FL
Broward
Fort Lauderdale
33304
16th Ter
1241
W81° 52' 22''
N26° 8' 32.7''
NE
3380
Additional Information
https://www.propertypanorama.com/1241-NE-16th-Ter-Fort-Lauderdale-FL-33304/unbranded
4188
11480
2
2024-11-18
Listing Information
2024-11-18T16:56:35Z
3246270
NTVR01
Active
2024-11-19T18:26:18Z
FTL

Commercial Sale For Sale

1241 Ne 16th Ter, Fort Lauderdale, Florida 33304

0.26 Acre
$2,000,000
Listing ID #F10472248
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : F10472248
Price : $2,000,000
Year Built : 1969
Lot Area : 0.26 Acre
Status : Active
Property Sub Type : Multi Family
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