About 1025-1027 Ne 16 Terrace
Don't miss this great investment opportunity in Lake Ridge! This Quadplex needs work to become an updated property. It is currently rented & offers strong income potential. Or, if preferred, it can be quickly readied for tear down. It's in a prime walkable location near downtown, beaches, shopping, and dining. The lot includes two buildings: a one-story with two 1/1s, and a two-story with two 2/1s, one of which has 25 feet ceilings. Each unit features a private yard or patio. Each building has separate water meters, and each unit has its own electric meter. Please do not disturb tenants or walk the property without an appointment.
Features of 1025-1027 Ne 16 Terrace
| MLS® # | R11132122 |
|---|---|
| USD | $585,000 |
| CAD | $810,781 |
| CNY | 元3,924,356 |
| EUR | €504,223 |
| GBP | £432,405 |
| RUB | ₽49,229,447 |
| Last Listing Price | $750,000 |
| Bathrooms | 4.00 |
| Square Footage | Public Records |
| Acres | 0.16 |
| Year Built | 1960 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Restrictions | No Restrictions |
| Status | Closed |
| HOPA | No Hopa |
Community Information
| Address | 1025-1027 Ne 16 Terrace |
|---|---|
| Area | 3380 |
| Subdivision | Progresso |
| City | Fort Lauderdale |
| County | Broward |
| State | FL |
| Zip Code | 33304 |
Amenities
| Amenities | None |
|---|---|
| Utilities | Cable Available, Sewer Available, Water Available |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
| Subdivision Amenities | None |
Interior
| Heating | Other |
|---|---|
| Cooling | Ceiling Fan(s), Wall/Window Unit(s) |
Exterior
| Roof | Other |
|---|---|
| Construction | Frame |
Additional Information
| Date Closed | April 14th, 2026 |
|---|---|
| Date Listed | October 28th, 2025 |
| Days on Market | 320 |
| Zoning | RMM-25 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Parcel ID | 494234045650 |
Listing Details
| Office | CENTURY 21 Tenace Realty |
|---|