For sale
Photo 1 of 10$625,000
For sale1107 NE 16th Ct, Fort Lauderdale FL 33305
3 beds2 baths1,175 sq ftBuilt 1960MLS# A12085957
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About this property
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.
Property details
- Property type
- Single family
- Year built
- 1960
- Living area
- 1,175 sq ft
- Price per sq ft
- $532
- Property taxes
- $9,596/yr
- Floors in building
- 2
- Building / community
- Lauderdale Park 6-33 1/2
- Status
- For sale
- MLS #
- A12085957
Location
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