Lake Ridge Progresso

$699,999

1020 NE 16th Ter, Oakland Park, FL 33304

For Sale

Multifamily Duplex / Triplex / Fourplex

Active

Last Updated: 09/10/2025

Details:

Building Size: 1,104 sqft

Units: 2

Year Built: 1951

Floors: 1

Parking Spots: 4

Gross Leaseable Area: 1,104

Offered by Realtor

Caroline Sesi

Keller Williams Realty Service

#3461168

Request Info to Unlock

Highlights:

Lot Features: Less Than 1/4 Acre Lot
Documents Available: None
Architectural Style: Attached, Ranch
Cooling: Wall/Window Unit(s)
Heating: Window/Wall
Flooring: Terrazzo
Construction Materials: Concrete Block With Brick, CBS Construction, Stucco

Description:

Redevelopment opportunity in the heart of Fort Lauderdale’s Lake Ridge neighborhood. This duplex sits on a 6,750 sq ft lot and is zoned RMM-25, allowing up to 25 units per acre with a maximum building height of 55 feet. Current use is a 2-unit duplex (2/1 + 1/1), providing immediate rental income while planning future development.

Ideal for developers and investors, this site can support three townhomes or explore potential density bonuses with affordable/workforce housing programs. Located just minutes from Las Olas, Downtown, and the beach, Lake Ridge continues to attract new construction townhomes and multifamily projects. *Buyer to verify all zoning and density requirements with the municipality