1107 NE 16th Ct Fort Lauderdale, FL 33305
$625,000
3 Beds
2 Baths
1175 sqft
MLS#
A12085957
Type
Single Family Residence
Status
Active Listing
Square Footage
1,175
Bedrooms
3
Bathrooms
2 full
Year Built
1960
Tax Amount
$9,596
Property Description
Rare income + redevelopment opportunity in Middle River Terrace! Situated on an oversized 9,350 SF lot with approx. 88' frontage and RM-15 zoning, this property features two legal living units: a 2BR/1BA main residence with full kitchen plus a separate legal 1BR/1BA ADU with its own full kitchen. Main home is 2BR/1BA with full kitchen plus separate legal 1BR/1BA ADU with full kitchen, currently leased at $2,000/mo with utilities included for 1 year—helping offset carrying costs from day one.Ideal for rental income, multigenerational living, guests, or an owner-occupant looking to offset expenses. Spacious interiors, updated kitchen, stainless appliances, mature tropical landscaping and an exceptionally large private backyard. RM-15 zoning offers compelling future development potential, including the possibility of 2–3 townhomes or other multifamily redevelopment, subject to City approval and buyer due diligence. Newer townhouse development directly across the street further highlights the property's long-term potential. Live, rent, hold or redevelop—an increasingly rare combination of income, land and development upside minutes from Wilton Manors, Downtown Fort Lauderdale, Las Olas and the beaches.
Listed By: Tribeca Development LLC, 646-261-1803
Cooling:Ceiling Fan(s), Central Air
Fruit Trees
Second Floor Entry
Other
per month
Principal & Interest
Property Tax
Mortage Insurance
HOA
Home Owners Insurance
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