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Presented by: Vera Realty Llc Powered by Highrises

312 NE 16th Ter, Fort Lauderdale, FL 33301 listing image 1

For Sale

$3,299,000

312 NE 16th Ter, Fort Lauderdale, FL 33301

-Bed
0Bath
4325SqFt

-Bed
0Bath
4325SqFt

Property Type
Condo
Year Built
1958
Price per Sqft
$763
On highrises
33 Days

Property Details

Rare opportunity in coveted Victoria Park! Prime multi-family property boasting 5 legal units in Fort Lauderdales most desirable locale. Steps from Las Olas and downtown, with the beach just 10 minutes away. This unique corner lot spans 10, 000 sqft, presenting endless potential for savvy investors. Explore the possibility of developing 3 to 4 townhomes, capitalizing on the rapidly expanding new development scene. The fifth unit, a 2-bed, 1-bath gem, currently generates $3, 400/month in rental income. Dont miss your chance to secure a lucrative investment in this thriving community!

Property Features

Bathrooms

Total Bathrooms: 0

Heating and Cooling

Cooling Features: Electric
Heating Features: Electric
Heating: Yes

Interior Features

Flooring: CeramicTile, Tile

Land Info

Lot Description: Item14Acre

Garage and Parking

Parking Total: 5

Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

Rental Info

Rent Includes: Electricity, PestControl, TrashCollection

Other Property Info

Annual Tax Amount: 38615
Source Listing Status: Active
County: Broward County
Tax Year: 2023
Source Property Type: ResidentialIncome
MLS Area Minor: Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
Source Neighborhood: VICTORIA PARK CORR AMEN P
Parcel Number: 504202150780
Postal City: Fort Lauderdale
Postal Code Plus 4: 3856
Subdivision: VICTORIA PARK CORR AMEN P
Zoning Description: RC-15
Property Subtype: Quadruplex
Source System Name: C2C

Building and Construction

Total Square Feet Living: 4325
Year Built: 1958
Building Area Total: 4325
Construction Materials: Brick, Block
Levels: Two
Property Age: 66
Roof: Flat, Tile
Levels or Stories: 2
House Style: Fourplex
Year Built Details: Resale
Architectural Style: Fourplex

Utilities

Sewer: PublicSewer
CableAvailable

Property History

Property Price

Date	Event	Price	Price/Sq Ft	Source
05/14/2024	Listing removed	-	-	MiamiMLS
05/13/2024	Listed for rent	$2,599	$1	MiamiMLS
05/05/2024	Listed for rent	$2,599	$1	MiamiMLS
04/16/2024	Listed	$3,299,000	$763	MiamiMLS
04/01/2024	Listing removed	$1,499	$0	MiamiMLS
03/19/2024	Price Changed for rent	$1,499	$0	MiamiMLS
01/19/2024	Listed for rent	$1,899	$0	MiamiMLS

Property Tax

Year	Taxes	Land	added to	Additions	equals	Total assessments
2022	$16,722	$175,370	+	$599,460	=	$774,830
2021	$16,130	$175,370	+	$569,280	=	$744,650
2020	$16,672	$175,370	+	$602,630	=	$778,000
2019	$17,814	$175,370	+	$699,510	=	$874,880
2018	$18,366	-	+	-	=	$936,340
2017	$18,384	$175,370	+	$750,460	=	$925,830
2016	$17,498	$175,370	+	$675,850	=	$851,220

Neighborhood

Environmental Risk

Nearby Home Values

Address	Estimate	Bed	Bath	Sq Ft	Lot (sq ft)
520 SE 5th Ave Apt 3505	$340K	1	1	808	808
924 SE 2nd St Apt 14	$270K	1	0	575	575
21 Isle of Venice Dr Apt 402	$2.5M	3	4	2531	2531
347 N New River Dr E Apt 1705	$659K	2	2	1080	1080
2500 E Las Olas Blvd Apt 505	$450K	1	2	870	870
601 SE 5th Ct Apt 104	$239.9K	1	1	560	560

Presented by:
Valery Afanasieva
state license#3402157

Broker Location:

AVENTURA

Data Source:

MiamiMLS

Source's Property ID:

A11570666

Data Source Copyright:

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$3,299,000

312 NE 16th Ter, Fort Lauderdale, FL 33301