1301 NE 16TH Terrace
$2,600,000
1301 NE 16TH Terrace, Oakland Park, FL 33304
2,806 sqft
Building Size
9
Units
Details:
Highlights:
- Lot Features: City Location, 1/4 To Less Than 1/2 Acre Lot, Less Than 1 Acre, Fenced
- Building Features: Automobile Traffic, Pedestrian Traffic
- Number Of Buildings: 2
- Bathrooms Total: 0
- Documents Available: Aerial Photo
- Cooling: Ceiling Fan(s), Central Air
- Heating: Central
- Electric: Separate Meters
- Flooring: Tile
- Construction Materials: CBS Construction
- Parking Features: Assigned, On Street
- Security Features: Smoke Alarm, Smoke Detector(s), Fire Alarm, Smoke Detector
Description:
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.
Location
Gallery
