Progresso
$760,000
1020 NE 16th Ter, Fort Lauderdale, FL 33304
1,104 sqft
Building Size
1
Units
Details:
Highlights:
- Lot Features: 1/2 To Less Than 3/4 Acre Lot
- Documents Available: None
- Architectural Style: Other
- Cooling: Central Air
- Heating: Central
- Flooring: Tile
- Construction Materials: CBS Construction
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
Location

Gallery




















