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About This Property
Positioned in one of Fort Lauderdale's fastest-growing neighborhoods, 1301-1305 NE 16th Terrace presents an outstanding opportunity to acquire a well-located 9-unit multifamily property surrounded by significant new development and ongoing neighborhood revitalization. The property offers a desirable unit mix consisting of: 1- 2BD 1BA, 1- 2BD BA, 7- 1BD 1BA residences. Its prime location places residents just minutes from Fort Lauderdale Beach, Downtown Fort Lauderdale, Las Olas Boulevard, and Wilton Manors, while providing quick access to I-95, US-1, shopping, dining, entertainment, and major employment centers. This highly connected location continues to attract strong rental demand from professionals, seasonal residents, and those seeking the South Florida lifestyle. The surrounding area is experiencing substantial investment, with numerous luxury residential and mixed-use developments transforming the neighborhood and supporting long-term appreciation potential. Investors will benefit from owning an income-producing asset in a market where continued redevelopment and limited housing supply continue to drive demand. Whether you're looking to expand your multifamily portfolio, execute a value-add strategy, or secure a long-term hold in one of South Florida's most dynamic growth corridors, 1301-1305 NE 16th Terrace offers an exceptional combination of location, unit mix, and future upside. Don't miss the opportunity to invest in a property positioned at the center of Fort Lauderdale's continued growth and redevelopment.
Property Features
County
Broward County
Section
Area
2806
Subdivision
Interior
Cooling
Ceiling Fan(s), Central Air
Bedrooms
Floors
Tile
Full Baths
Appliances
Heating
Central
Style
Garage Spaces
Construction/Exterior
CBS Construction
Patio / Deck Description
Exterior
Has a Pool
Possession
Lot Size in Acres
0.26
Water
Other, Public
Sewer
At Site, Public Sewer, Other, Public Sanitation, Sewer
Lot Size in Sq. Ft.
11473
Has Waterfront
No
Parking Description
Assigned, On Street
View
Has Garage
No
Roof/Attic
Comp Shingle Roof, Shingle
Senior Community
No
Other Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Sewer Available, Water Available
Property Type
Commercial Sale
Pets
Property SubType 2
Multi Family
Tax Year
2025
Year Built
1949
Tax Amount
$36775
APN
NA
Square Feet Source
NA
Map
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