1020 NE 16th Ter, Fort Lauderdale FL 33304

Description

Excellent opportunity for builders or investors looking to undertake a development in a sought-after urban development. Property is zooned for duplex, or multi family structure (3 units) up to 5 story high (55 feet high) Lot is 6,762sf (0.16 AC) Prime location with excellent visibility and accessibility, Strong demand for housing space in the area. Note: some of the photos depict renderings. Multifamily Req's: Lot Size Min: 5,000sf Height Max: 55ft Lot Width Min: 50ft Front set Back: 25ft Side Set-back: 10ft Rear Set-back 20ft Land Density: 3.8 units rounded down - 3 units max duplex #1 is 1bdr 1 bath * similar structure generates $2k a month duplex#2 is 2br 1 bath * similar structure generates $2.5K a month water meter is shared, 2 meters for electricity, roof 2010

This duplex home located at 1020 NE 16th Ter, Fort Lauderdale FL 33304 is currently for sale and has been available on Brickellsold for 63 days. This property is listed at $760K. It has N/A beds, N/A bathrooms, and is 1104 square feet. It was built in 1952. 1020 NE 16th Ter, Fort Lauderdale FL 33304 is in Fort Lauderdale county Broward County.